Fintech firm PayNearby appoints Saif Khan as chief growth officer

PayNearby, India’s largest branchless banking and digital network, has appointed Saif Khan as its chief growth officer (CGO), the company said in a press release on Tuesday, May 23. The appointment is in line with the fintech company's plans to drive growth, through distribution as-a-service (DaaS), across emerging businesses and channel partners.

As CGO of PayNearby, Khan will help to strengthen the firm's existing business strategy and exponentially grow both the top and bottom lines while keeping in mind the interests of all stakeholders and clients. He would be in charge of making PayNearby the benchmark financial service provider in India by enabling the finest techniques to digitise Bharat and close the urban-rural gap.

"Saif will be a key player in rapidly growing our company to achieve our growth targets while gaining more reach at the last mile. At PayNearby, we are witnessing stellar progress, riding on the back of our cutting-edge, tech-led DaaS network and various product offerings designed to make Bharat financially and digitally empowered. Continuing our trajectory, we have plans to fast-track our progress while introducing new lines of business and product offerings, helmed by Saif," said Anand Kumar Bajaj, founder, MD, and CEO of PayNearby

Khan who has more than two decades of experience in the banking industry, joined PayNearby from Yes Bank where he was working as a country head of private banking. Previously, he has worked with banks like ICICI Bank, Citibank, and IndusInd Bank.

Started in April 2016, PayNearby is a DPIIT-certified company that operates on a B2B2C model. It partners with neighbourhood retail stores and enables them with the tools to provide digital and financial services to local communities.