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Inspired by the Indian government’s ambitious vision of Aatmanirbhar Bharat, airpay, India’s first integrated omni-channel financial services platform, today announced its mission to double its presence from 5 lakh airpay vyapaaris to over 10 lakhs by 2023.

airpay vyaapaar is built around three pillars that prioritize the needs of vyaapaari: revenue enhancement, business management and revenue collection. airpay vyaapaaris provides formal banking and financial services to more than 3.5 million unserved consumers in 5,700 villages, 533 districts and 37 states and union territories.

Launched in May 2020, airpay aims to empower India’s 600 million unserved people in the future.

“The success of the JAM (Jan Dhan-Aadhaar-Mobile) trinity has led every citizen to open a bank account. However, a large part of the population does not know how to take advantage of it. We are empowering a new breed of micro-entrepreneurs and self-employed business owners to provide formal financial products to these unserved consumers,” says Kunal Jhunjhunwala, Founder and CEO of airpay.

Daily airpay vyaapaaris revenue is generated from transactions made through Micro-ATM, Money Transfer, AePS (Aadhar Enabled Payment System) and other financial products.

The revenue collection pillar allows the vyaapaari to accept digital payments via UPI, Bharat QR, credit/debit cards, etc.

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Posted: Thursday April 14th 2022, 1:26 PM IST