About Payworld
Payworld is a Financial Services company based in Gurugram (India) founded in 2006 by Udairaj Khandelwal and Prasan Chand Jain, and was acquired by RNFI Services in April 2025. It operates as a money transfer and bill payment solutions are enabled via agents. Its website payworldindia.com draws about 726 thousand monthly visits. Its Indian entity Payworld Digital Services Private Limited reported revenue of ₹57.07 Cr. Payworld offers products and services including AEPS, Mobile Recharge, Bill Payments, Domestic Money Remittance, and DTH Recharge. Its focus areas include FinTech, Payments, Business Payments and Agent Based Payments. Its competitors include Dvara KGFS, Pay Point India, Kaleidofin, Spice Money and PayNearby and 3 more; 8 of its 8 listed competitors have raised funding.
Company details
Payworld was established in 2006 in Gurugram, India, within the financial services sector. Agent-based platforms are utilized by the company to facilitate money transfers and bill payments. Operations focus on accessible digital solutions for remittances and utility settlements across India. Key personnel include co-founders Udairaj Khandelwal and Prasan Chand Jain, with the latter holding DIN 00050081 and PAN AAUPP8830B. Services are tailored for widespread agent network integration.
- Headquarters Gurugram, India
- Founders Udairaj Khandelwal, Prasan Chand Jain
- Stage Acquired
- SectorsFinancial Services
- Website category Finance
- Email••••••••
- Phone•••• ••••
- Website payworldindia.com
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by RNFI Services (Apr 2025)
- Legal Name Payworld Digital Services Private Limited
- Date of Incorporation 26 May, 2004
- Jurisdiction Gurgaon, Haryana, India
- Annual Revenue₹57.07 Cr
FY 2025 · -7% YoY
- Net Loss-₹2.48 Cr
FY 2025 · -4% margin
- EBITDA-₹16.1 Lakh
FY 2025 · 0% margin
- Investors
- Acquired byRNFI Services
(Apr 2025)
Associated legal entities of Payworld
Payworld is associated with 2 registered companies on The Company Check; the primary company is Payworld Digital Services Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Payworld Digital Services Private Limited CIN U74999HR2004PTC102278 | Active | 26 May 2004 | Gurgaon, Haryana | ₹57.1 Cr | – | 6 | View details |
| Smart Payment Solutions Private Limited CIN U74140HR2008PTC102275 | Active | 29 Apr 2008 | Gurgaon, Haryana | ₹1.6 Cr | – | 5 | View details |
Products & Services of Payworld
Payworld offers a comprehensive portfolio of products and services, including AEPS, Mobile Recharge, Bill Payments, Domestic Money Remittance, and DTH Recharge.
Aadhaar-based system for secure banking transactions
Service for recharging mobile phones online
Platform for paying utility and other bills digitally
System for transferring money domestically
Service for recharging DTH subscriptions easily
Apps and channels of Payworld
Payworld publishes 1 mobile app with over 1M+ downloads; its YouTube channel Payworld has 32.4K subscribers and 30 videos.
Videos from Payworld
The most watched videos on Payworld's YouTube channel, Payworld (32.4K subscribers). Click a video to play it here.
More on Payworld.
Investors in Payworld
Payworld has secured backing from 1 investor. Prominent investors backing the company include RNFI Services.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Digital payment services including gateways, remittances, and recharges are provided. | 2015 | rnfiservices.com | Delhi, India |
Investor details for Payworld
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Board of directors of Payworld Digital Services Private Limited (Payworld)
Payworld Digital Services Private Limited is the primary company behind Payworld. The boards of the 2 registered companies of Payworld currently have 9 directors; the longest-serving is Naresh Mangal, appointed in 2008. 18 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Naresh Mangal DIN 02157009 | Director | 29 Apr 2008 | 18 yrs 5 mo | Smart Payment Solutions Private Limited |
| Sujit Lahiry DIN 01175923 | Director | 05 Mar 2010 | 16 yrs 7 mo | Smart Payment Solutions Private Limited |
| Praveen Kumar Dhabhai DIN 00369305 | Director | 05 Mar 2010 | 16 yrs 7 mo | Smart Payment Solutions Private Limited, Payworld Digital Services Private Limited |
| Lalith Kumar Bafna DIN 01541914 | Director | 12 Apr 2022 | 4 yrs 6 mo | Payworld Digital Services Private Limited |
| Krishna Kumar Radheshyam Daga DIN 08450642 | Director | 03 Apr 2025 | 1 yr 6 mo | Payworld Digital Services Private Limited |
| Ashok Kumar Sinha DIN 08812305 | Director | 03 Apr 2025 | 1 yr 6 mo | Payworld Digital Services Private Limited |
| Nitesh Kumar Sharma DIN 07290315 | Director | 03 Apr 2025 | 1 yr 6 mo | Payworld Digital Services Private Limited |
| Sunil Kulkarni DIN 02714177 | Additional Director | 09 Jan 2026 | 9 mo | Smart Payment Solutions Private Limited |
| Uma Shankar Paliwal DIN 06907963 | Additional Director | 09 Jan 2026 | 9 mo | Smart Payment Solutions Private Limited |
People of Payworld
2 people are tracked at Payworld (2 in leadership).
| Name | Role | Group |
|---|---|---|
Udairaj Khandelwal | Co-Founder | Leadership |
| Co-Founder | Leadership |
Complete people profiles for Payworld
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Financials of Payworld
Figures of Payworld Digital Services Private Limited, the primary company behind Payworld, for FY 2025. Revenue was ₹57.07 Cr (-7% year on year). Net loss was -₹2.48 Cr (-4% margin). EBITDA was -₹16.1 Lakh (0% margin). Revenue has grown at a compounded annual rate of -7% over three years and +2% over five years.
- ₹57.07 CrRevenue · FY 2025 · -7% YoY
- -₹2.48 CrNet loss · -4% margin
- -₹16.1 LakhEBITDA · 0% margin
- ₹12.11 CrPaid-up capital
- -7%Revenue CAGR, 3 years
- +2%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Payworld Digital Services Private Limited are on its company page.
Detailed financial statements for Payworld
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Payworld
2 dated milestones of Payworld across 19 years, from founding to its latest funding, stage changes and deals.
- Founded Payworld is founded.
- Exit Acquired by RNFI Services.
Competitors of Payworld
Payworld has 8 listed competitors in our database, 8 of them funded. They include Dvara KGFS, Pay Point India, Kaleidofin, Spice Money and PayNearby, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| dvarakgfs.com | 2008 | Chennai, India | $43.71M | 4,134 | Loans for consumers and SMEs are provided alongside financial services. | |
| paypointindia.com | 2007 | Mumbai, India | $7.74M | 346 | Digital financial and retail services are provided via agent networks. | |
| kaleidofin.com | 2017 | Chennai, India | $47.39M | 141 | Provider of financial technology solutions for inclusive lending | |
| spicemoney.com | 2000 | Noida, India | $15.42M | 1,164 | Digital payment and banking service provider in rural areas | |
| paynearby.in | 2016 | Mumbai, India | $3.95M | 837 | Digital payment and banking services are facilitated via retail partnerships. | |
| suvidhaa.com | 2007 | Mumbai, India | $37.8M | 15 | Tech-enabled financial and e-commerce services are delivered via retail outlets. | |
| subk.co.in | 2010 | Hyderabad, India | $22.51M | 1,738 | Provider of digital financial services for underserved populations | |
| finqy.ai | 2019 | Mumbai, India | $3.5M | 251 | Technology platform for financial product distribution is provided. |
Detailed competitors of Payworld
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of Payworld
The website of Payworld (payworldindia.com) receives about 726.5K visits a month and ranks #83,498 among all websites worldwide, #5,242 in Finance.
- Monthly visits726.5K
▲ 7.8% vs previous month
- Unique visitors38.6K
per month
- Global rank#83,498
among all websites
- Category rank#5,242
Finance · Finance
- Bounce rate24%
- Pages per visit5.6
- Average visit11 min 04 sec
- DevicesDesktop 69% · Mobile 31%
Websites whose visitors overlap most with Payworld. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
mypayworld.com | mypayworld.com | 100% | – | – | – |
| itzcash.com | 86% | 340.3K | #105,911 | View details | |
| instantpay.in | 78% | 354.8K | #156,336 | View details | |
| npci.org.in | 76% | 10.1M | #5,074 | View details | |
| udyamregistration.gov.in | 72% | – | #9,817 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Payworld
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Top companies in Payments & Remittance Platforms
10 companies that operate in the same segment as Payworld (Payments & Remittance Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Ride-hailing and on-demand delivery services are aggregated via mobile app. | 2012 | Singapore, Singapore, Singapore | USD 10.38 B | USD 3.37 B | 57,733 | |
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | – | 16,622 | |
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | – | 6,209 | |
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Online payment processing and credit solutions are provided for businesses. | 2002 | Amsterdam, North Holland, Netherlands | USD 35.15 M | USD 5.47 B | 3,355 |
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Related news about Payworld
Complete news archive for Payworld
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Frequently Asked Questions about Payworld
Payworld was founded in 2006.
Payworld is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
The primary company behind Payworld, Payworld Digital Services Private Limited, reported revenue of ₹57.07 Cr for FY 2025, down 7% year on year.
Payworld was established in 2006 in Gurugram, India, within the financial services sector. Agent-based platforms are utilized by the company to facilitate money transfers and bill payments. Operations focus on accessible digital solutions for remittances and utility settlements across India. Key personnel include co-founders Udairaj Khandelwal and Prasan Chand Jain, with the latter holding DIN 00050081 and PAN AAUPP8830B. Services are tailored for widespread agent network integration.
Payworld's top competitors include Pay Point India, Spice Money and Kaleidofin.
Payworld offers AEPS, Mobile Recharge, Bill Payments, Domestic Money Remittance, and DTH Recharge.
Payworld has 1 investor. Key investors include RNFI Services.
Payworld is associated with 2 legal entities: Payworld Digital Services Private Limited, Smart Payment Solutions Private Limited.
Yes. Payworld was acquired by RNFI Services in April 2025.
The legal entities of Payworld currently have 10 directors, including Sujit Lahiry, Naresh Mangal, Praveen Kumar Dhabhai and others.
Yes. Payworld publishes Payworld - AEPS, Air, Irctc, with over 1 million downloads.
The website of Payworld receives about 726 thousand visits a month and ranks #83,498 among all websites worldwide.