India, Dec. 23 -- Fintech startup PayNearby has received a third-party application provider (TPAP) licence from the National Payments Corporation of India (NPCI) to offer UPI payments services.

In a statement, the startup said that it has launched PayNearby Saathi app to onboard users on UPI via its retail network, which it claims to be upwards of 15 Lakh in strength. Apart from UPI payments, PayNearby will also offer its customers services like opening UPI-linked bank accounts, making and receiving payments, paying bills, and more.

The fintech startup plans to add new services like micro-insurance, lending, and credit to the app in the future. It added that the app is integrated with an AI assistant and voice assistance in multiple Ind...