PayNearby Secures TPAP License from NPCI; Launches PayNearby Saathi App
In December 2025, PayNearby, leading Indian fintech company, secured Third-Party Application Provider(TPAP) license from the National Payments Corporation of India (NPCI), allowing the fintech major to offer Unified Payments Interface (UPI) services directly through its own platform.
In December 2025, PayNearby, leading Indian fintech company, secured Third-Party Application Provider(TPAP) license from the National Payments Corporation of India (NPCI), allowing the fintech major to offer Unified Payments Interface (UPI) services directly through its own platform.
- After receiving the NPCI’s approval, the company introduced the ‘PayNearby Saathi’ application (app).
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- What? PayNearby Secured TPAP license
- From Whom? NPCI
- Other Key Launch: PayNearby Saathi app
- Key Benefits: UPI-enable banking services like: credit facilities and investment products (FD/RD/Mutual Funds)
About PayNearby Saathi App:
Onboarding Process: The app supports UPI-assisted onboarding and usage through the company’s existing retail network and Digital Naaris, who support customers with digital financial services in local areas.
Banking Services: This new app is designed to provide UPI-enabled savings accounts and payments, and investment products like: Fixed Deposit (FD)/Recurring Deposit (RD)/Gold/Mutual Funds(MFs).
- It offers credit facilities such as personal loan, gold loan, business loans, and credit cards.
Supports Multilinguism: The app also features BHASHa INterface for India (BHASHINI), the Government of India (GoI)-supported Artificial Intelligence (AI)-driven speech technology platform, enabling users to speak in their preferred language, raise queries, and receive instant response.
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