Gurugram-based PayWorld, a fintech lending platform in India has facilitated loans worth  Rs 15 crore to Micro and Small enterprises (SMEs), in a span of three months. These loans were given to retailers under PayWorld’s new scheme for business loans through its partners.

The brand launched its credit facility to support its retailers to expand their business and strengthen their income. A company statement suggests that nearly 3,500 retailers across states like Uttar Pradesh, Bihar, Rajasthan, Jharkhand, Haryana, Gujarat, Madhya Pradesh and West Bengal have received loans. 

Talking about the loan disbursement, Mr. Amit Tyagi, CEO of, PayWorld mentioned, “We at PayWorld are working continuously towards financial inclusion in Bharat, through an array of financial solutions that aim at easing people’s life. With our new partnership-driven Business Loan facility, we are helping retailers who are new to credit or thin file bureau customers, expand their business by providing access to hassle-free loans. Over the years, there has been a surge in digital lending by fintech startups, who are using technology to make the application process completely paperless. With this scheme, PayWorld aims at assisting micro, small, and medium-sized businesses, as well as retailers, with short-term cash flow”.

According to a report by ET CFO, the company was earlier planning to start an assisted e-commerce model in the rural areas for an additional stream of revenue. 

"We are working with some of the large commerce players. We are running a pilot with one of the largest e-commerce companies in the world on the assisted shopping experience. We are expanding this program to kind of bring more and more e-commerce partners onto the platform,” Tyagi told ET CFO.