Founded in 2012, Pay1 aims to bridge the gap between financial services and the unbanked or underbanked population of India. The company operates on a business-to-business (B2B) model, providing a digital platform to a vast network of small-scale retailers (such as kirana stores). Through the Pay1 application, these retailers can offer services like Domestic Money Transfer (DMT), Aadhaar Enabled Payment System (AEPS), bill payments, mobile and DTH recharges, insurance, and travel bookings, thereby creating an additional source of income and becoming a local hub for digital services.

Founded in

India