Chennai, Aug 11: PayWorld, the fastest growing FinTech company in India, today announced expansion of its operations in South Zone.
The company already has a strong foothold in the Tamil Nadu market where the average per day sale of its active retailers crosses millions.
PayWorld facilitates digital transactions with services like mobile recharge, e-payment, railway reservation, and remittance services. PayWorld is a one stop solution for digital transactions with a network of 5,25,000-plus retailers in 700 districts across the nation.
With this expansion, the idea is to transform and bring the marginalized areas of our nation together. All retailers on board are local and are well versed with the local language and dialects to understand the pain points of the customers, a Payworld release said.
Currently, the average sale of our active PayWorld retailers in Tamil Nadu alone crosses millions on daily basis. On average, the retailers there do a minimum of 5,000+ digital transactions on daily basis.
With such huge potential, it is believed that expansion will only add to the numbers and will garner huge profits and benefits for retailers and low-income groups in the Southern region. So far PayWorld has already signed 1,04, 508 retailers in the South region adding to its active list of 5,25,000+ retailers across India.
Commenting on the expansion, Mr. Praveen Dhabhai, COO, PayWorld said ?We have already tied up with 1,04,508 retailers in the Southern market, and the number is only growing strong from here. With this expansion, we are hoping to capitalize and increase our retailer profits at the same time aid rural customers through digital utility services.”
“Right now, our primary focus is to grow in Kerala, Karnataka, Andhra Pradesh, and Telangana markets. However, Tamil Nadu will continue to serve our main market but we hope to make digital payments a universally accepted model in rural India”, he said. (UNI)
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