PayNearby secures NPCI licence, unveils Saathi UPI platform

PayNearby has received Third-Party Application Provider (TPAP) approval from the National Payments Corporation of India (NPCI), enabling the company to directly participate in the Unified Payments Interface (UPI) ecosystem. Alongside the approval, the FinTech has launched PayNearby Saathi, an assisted digital payments and financial services platform aimed at expanding UPI access among first-time and underserved users across semi-urban and rural India.