PayNearby, Grameen Foundation partner to upskill 1.5 lakh business correspondents in rural areas

Posted under: MSME
Date: 2023-09-05
PayNearby, Grameen Foundation partner to upskill 1.5 lakh business correspondents in rural areas

Fintech company PayNearby on Monday announced its tie-up with Grameen Foundation for Social Impact (GFSI), a non-profit to uplift underserved communities, to upskill 1.5 lakh business correspondents (BC) in rural areas. The BCs will provide digital and financial services beyond cash-in and cash-out to the underserved and tech-shy last-mile population. The collaboration will launch a two-year pan-India project, ‘Scaling Agent Viability and Quality in India, supported by the Bill and Melinda Gates Foundation (BMGF), to also enlist 15,000 women BCs through the required skills, knowledge, and support. According to the company, the GF will benefit from PayNearby’s Distribution-as-a-Service (DaaS) network to help BCs offer tailored digital and financial solutions across various domains. Anand Kumar Bajaj, founder, MD, and CEO of PayNearby, said achieving mass transformation necessitates mass mobilisation, and the formidable BC network is ideally positioned to embrace this challenge.

Read more at: www.financialexpress.com