SPONSORED CONTENT

Paydeer Services becomes the top fintech startup in Rajasthan

May 10, 2022 23:31 IST | ANI Press Release
Tennis player James Blake
Paydeer Services becomes the top fintech startup in Rajasthan

Jaipur (Rajasthan) [India], May 10 (ANI/PNN): 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.

(https://paydeer.in/services) 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 withdrawals, 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"

This story is provided by PNN. ANI will not be responsible in any way for the content of this article. (ANI/PNN)

DISCLAIMER


(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

 

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor