Digital transaction facilitator Payworld is now focusing on insurance and small ticket loan disbursal as next phase of growth story and has tied-up with a few insurers and non- banking financial companies (NBFCs) to tap potential customers, a company official said.
Payworld, a nine-year old fintech firm, provides digital transaction services like mobile recharge, e-payment, railway reservation and remittances facilities. “There are many consumers who are non-tech savvy and they need assistance to do a digital transaction. They aspire to buy insurance as well as take loans. So our target segment is these kind of people who remain largely untapped,” Praveen Dhabhai, chief operating officer of the company said in an interaction.
