Jaipur (Rajasthan) [India], May 10: Paydeer Services Private Limited, a digital payment platform company, has grown to become Rajasthan's top fintech startup, with a network of over 550 distributors and 20,000 retailers in about 33 districts and 249 blocks.
Paydeer Services, which was founded in 2017, has built a digital network throughout Rajasthan to enable even the smallest merchant to become digitally self-sufficient. Through the Paydeer app's digital wallet, the firm offers banking and financial services such as AEPS, BBPS, Loan, Vehicle Insurance, Pan Card, M-POS, and Domestic Facility Money Send (DMR). Users can make bill payments and cash withdrawals from anywhere using a mini-ATM, as well as DTH recharge and bus, air, and rail ticket reservations.
Paydeer is registered as a startup on startupIndia by Government of India in December 2021. Before that, it was registered under Cybdeer network named LetsGo.
"We have opened over a hundred Paydeer digital service distributor locations throughout 33 districts in Rajasthan.” said Paydeer's founder and CEO, Vinod Parihar. "We have developed a network of over 550 distributors and 20,000 retailers across Rajasthan to reach the last of the stores in the state's interior villages."
"Paydeer is a registered private limited company with 1200+ employees working dedicatedly to grow the company. We have over 900 Alliance Officers across the state work with the retailers who have E-Mitra, as well as any local store. Residents of Rajasthan can easily apply to open their store."
The company has launched a unique financial service for AEPS service customers. The customers can use their aadhar card to access their Aadhar-linked bank accounts and perform banking transactions including withdrawls, deposits, balance checks, mini-statements, inquiries and bank transfers using a secure biometric scanner.
Paydeer Services has been awarded Biz Next, Indian Achievers’ Award, and Achievers of Women Environment award since its inception in 2021-22.
A retailer from an interior village in Rajasthan said, “Earlier, people from my village used to stand in queue for hours to get the train tickets. Now, they visit my store to book train, bus, and flight tickets from the Paydeer website. I also help them transfer money, pay bills and recharge their DTH accounts. They no longer need to travel to the city for any financial or banking related services”
(Brand Desk Content)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
SRH vs GT IPL 2024 Ticket Booking Online: Where and how to buy SRH vs GT tickets online - Check IPL Match 66 ticket price, other details
Top 7 SWP Mutual Funds: Rs 50 lakh investment, Rs 70K monthly pension for 10 years, and Rs 42.30 lakh balance value; know more details
Gold and Silver rate today (May 13, 2024): Precious metal under pressure; yellow metal near Rs 72,400, white metal above Rs 84,600
SIP Returns: How Rs 3,000, 5,000, and Rs 10,000 SIPs can help you build retirement corpus of Rs 1.06 cr, Rs 1.77 cr, and Rs 3.53 cr
10:53 AM IST