Paydeer Services becomes the top fintech startup in Rajasthan

Jaipur (Rajasthan) [India], May 11: Paydeer Services Private Limited, a digital payment platform company, has grown to become Rajasthan’s top fintech startup, with a network of over 550 distributors and 20,000 retailers in about 33 districts and 249 blocks.

Paydeer Services, which was founded in 2017, has built a digital network throughout Rajasthan to enable even the smallest merchant to become digitally self-sufficient. Through the Paydeer app’s digital wallet, the firm offers banking and financial services such as AEPS, BBPS, Loan, Vehicle Insurance, Pan Card, M-POS, and Domestic Facility Money Send (DMR). Users can make bill payments and cash withdrawals from anywhere using a mini-ATM, as well as DTH recharge and bus, air, and rail ticket reservations.

Paydeer is registered as a startup on startup India by Government of India in December 2021. Before that, it was  registered under Cybdeer network named LetsGo.

“We have opened over a hundred Paydeer digital service distributor locations throughout 33 districts in Rajasthan.” said Paydeer’s founder and CEO, Vinod Parihar. “We have developed a network of over 550 distributors and 20,000 retailers across Rajasthan to reach the last of the stores in the state’s interior villages.”