PARVEEN WADHWA CEO, Parnav Online Solutions Pvt. Ltd. (PayBingo)
PayBingo began its journey from Kurukshetra, a small city of Haryana, and since the company had expanded its to achieve reach pan-India.
The company's goal is complete financial inclusion by providing untethered access to financial services to every individual in India. To achieve this goal, PayBingo has created "Swarozgar" in the interiors of Bharat. Company created Business Correspondents Agents who are rendering financial services on their behalf such as Money Transfer, AEPS, BBPS, Travel bookings etc. These BC-Agents have reduced the travel time of villagers where bank's branch frequency is low. By providing easy accessible services to the countrymen in remote areas & helping them to become financially independent. Company itself has been financially independent by making a profit for every transaction without any external funding. In continuation of the same, PayBingo offered their services for pilgrims in Haridwar Kumbh at Har Ki Paudi.
This story is from the June 2023 edition of Outlook Business.
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This story is from the June 2023 edition of Outlook Business.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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