1.

PayNearby
Nearby Technologies, Mumbai-2016
Founded by 4-member team- Anand Kumar Bajaj (CEO), Subash Kumar (Sales and Distribution
), Rajesh Jha (Insurance loan and international), Yashwant Lodha (tech and operations)
90% of Indians did not have easy access to financial services
B2B2C model- collaborated with local retailers, kirana stores, grocery and convenience stores
Goal was to establish full suite of financial services to 400 million underbanked Indians
Services- remote bill pay, money transfers, banking, SMS payment options, atm service, account management,
insurance, recharge, travel, bharat, qr code
Crowdsource the smartphones of storeowners themselves- allows users to manage their money and transactions
without any technology
2019 end- PayNearby was active in 8L grocery markets of country, 10% of the national total
Competitors- 200, novopay had similar business model and ties with banks, phonepe and paytm
Fewer untapped PIN codes

Lot of distance between bank/ATM and consumers, retailers

Customer inconvenience to avail financial services during working hours
Transaction cost around banking and financial services
Trust between consumer and financial service provider
Migrant workers- money orders
No instant scalable and interoperable platform available
Low educstion and financial literacy
Demonetization

Introduce paynearby to local vendors

Each was to be given technology and training to use and share with consumers- 500 credit to retailers account on
certification completion
Annual accidental coverage
400 youtube videos to help retailers how to use paynearby

Bajaj showed them show they will increase their sales by 30% to convince them to join
Digital upskilling for retailers
Cost in expanding and setting up new network node

For security concerns

Employed biometrics- aadhaar card
Offered retailers fingerprint scanner to be used with their app

Revenue- charges made per transaction

Reached 18000 pin codes by 2020- out of initially identified 19000
1 million digital payments daily
Monthly- 42 billion rs
80% generated from rural areas
12% metreos

Now shift focus from location to identity

Create verticals and brands- insurance services, travel advisory, lending, enterprise solutions, investment

Bajaj left yes bank- he saw opportunity in digital india infrastructure

2. Capital Markets in 2030
55% respondents feel the best private funding option is private equity
70% respondents agree that most successful companies will choose to go public at some point
Dominance of nyse, London stock exchange and hong kong stock exchange is not that great as before
with Indian stock exchange
Other exchanges like Australian securities exchange, Singapore exchange becoming more attractive and
growing
In 2030, nyse, lse, hkse maintain their lead
Liquidity is top priority while choosing listing location, cost of listing-size of investor base, stock market
ecosystem not that important
In 2011 people said india and china market will be rivals
IPO since 2011 has been heavily influenced by rise of new companies
In 2030, PwC says technology will be most important sector
In 2017-18, more IPOs raised. Political stability in modi govt and positive economic outlook led to many
large Indian companies coming to market, positive changes in Indian capital market regulations