40,000 Cr in FY 20-21
By
siliconindia | Tuesday, 11 May 2021, 09:06 Hrs
India’s leading digital payments network, PayNearby announces that it has recorded Gross Transaction Value (GTV) worth
54,000 Crores in FY 20-21, with an exit month GTV 32 percent higher than the average monthly GTV booked in FY 19-20. However, the firm has produced ~
290 Crores of revenue through its retail associates and about ~
40 Crores of fee for its banking partners in the same financial year. Amid the pandemic, the generation of stable income opportunities for its partnering retail community ensured steady livelihood across lakhs of household across the country.
However, FY 20-21 witnessed an irreparable loss both in lives and livelihoods among many, thus agent banking network played a crucial role in ensuring relief expenses reach the hands of the intended. Aadhaar ATM, which is the backbone for disbursing DBT to citizens, witnessed a huge surge across PayNearby retail stores, primarily led by increased adoption in rural, semi urban and tier two towns. The company reported AePS withdrawals worth