PayNearby, the branchless banking and digital network, has launched PayNearby Mall—a meta-commerce platform to enable the easy availability of goods and services, in an assisted mode at the last mile.
As per the network, it will soon be integrated with the Open Network for Digital Commerce (ONDC) platform.
With this initiative, PayNearby aims to upgrade every retailer, in its million+ active network, to benefit from the ongoing e-commerce revolution, including the ONDC platform.
PayNearby Mall is envisioned as a meta-commerce platform that will empower every retailer and seller, from big merchants and e-commerce platforms to local sellers and small businesses (through ONDC) meet the unmet demand of their customers, both locally and across a wider market PAN India.
It aims to help retailers expand their market, run a more profitable business with no additional working capital requirement and use technology to make all forms of services available at the last mile.
Anand Kumar Bajaj, Founder, MD and CEO, PayNearby, said, “With the past 18 months of work, we are finally thrilled to present PayNearby Mall, an initiative to elevate every trusted small store in Bharat into a super mall. With this feature, we look to empower local sellers and buyers and give them a user-friendly platform to discover products and sellers, compare prices, and make purchases with ease. It will help digitally overhaul small businesses gearing them towards a better livelihood and bringing them at par with the current times. Trust augmented.”
“With PayNearby Mall, e-commerce will now be accessible, easy and pocket-friendly, allowing retailers in Bharat to offer ‘Sab Kuchh’ from their stores. Retailers will no longer be limited by working capital, store size or shelf space. All they would need is their PayNearby/NeoDukaan app to offer worldwide inventory to their customers, supported by 50+ brands/ partners, at the click of a button. We will soon integrate with ONDC too, so that local goods and sellers can reach their full potential and serve the growing demands of ambitious and unstoppable Bharat at the last mile.”
Bajaj further said, “PayNearby Mall is an important step towards our vision of creating a truly digital ecosystem for retail in India. It comes at a time when the retail industry in India is undergoing a rapid transformation. It is a forerunner to our upcoming ONDC initiative, which will further democratise access to digital commerce for businesses of all sizes. We are excited about the potential of this platform to create value for our retail partners and customers alike. We believe that by empowering local retailers, we can accelerate the growth of the digital economy across Bharat and soon make 'Digital India' a reality. PayNearby Mall brings every retailer in the country an opportunity to succeed and actively contribute to India's digital economy and fulfil their Zidd Aage Badhne Ki!”