PayNearby, Protean to enable credit access for last-mile small businesses via ONDC

Branchless banking and digital network PayNearby on Monday announced a new credit marketplace in partnership with digital public infrastructure company Protean eGov Technologies Limited for last-mile borrowers. The marketplace will focus on small business owners with government-backed Open Network for Digital Commerce (ONDC).

Protean eGov will act as an ONDC technology service provider, facilitating credit access through PayNearby’s Distribution as a Service (DaaS) network with more than 12 lakh outlets.