📋 About the Brand
Payworld India is an Indian fintech and digital financial services platform that enables local retailers, merchants, and entrepreneurs to provide digital banking and payment services to customers. The brand focuses on financial inclusion by connecting underserved communities with convenient digital services through its retailer network.
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Payworld India
Brand Overview
Brand Name: Payworld India (Payworld)
Parent Company: Payworld Digital Services Private Limited
Industry: Fintech / Digital Payments / Assisted Banking
Established: 2006
Promoted by: Sugal & Damani Group
Head Office: Gurugram, Haryana, India
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Payworld India
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🏢 Business Information
Company Namepay world india
CEO / FounderPradeep Kumar Damani
DesignationCEO / Founder
Established Year2006
Franchising Since2011
SectorSpecialty Retail
Total InvestmentBelow 2 Lakh
Required Area500 - 1,000 Sq. Ft.
📄 Franchise Agreement
Agreement Duration5 Years
Renewal Optionyes
Renewal FeeUp to ₹50,000
Resale Rightsyes
Non-Competeyes
Exclusivity Clauseyes
Dispute ResolutionArbitration
Jurisdictionharyana
Agreement Registeredyes
NotesPartner Agreement Term & Renewal Defines the validity period of the retailer/franchise partnership, renewal process, and continuation conditions.
Retailer Registration & Verification Covers onboarding requirements, KYC documents, business details, and account activation procedures.
Brand & Trademark Usage Specifies permission to use the Payworld name, logo, and approved promotional materials.
Service Platform Access Defines access to Payworld’s digital platform, mobile application, transaction systems, and service portal.
Investment & Infrastructure Requirements Covers required setup such as shop space, computer/mobile device, internet connection, and other operational needs.
Commission & Settlement Terms Explains earnings from services, commission structure, transaction charges, and payment settlement cycles.
Digital Services Operations Defines procedures for AEPS, money transfer, recharge, bill payments, insurance, and other supported services.
Customer Verification & Compliance Requires adherence to KYC, AML (anti-money laundering), banking guidelines, and regulatory requirements.
Training & Technical Support Covers product training, application usage guidance, troubleshooting, and partner support.
Data Security & Confidentiality Protects customer information, transaction records, login details, and company systems.
Transaction Responsibility Defines responsibility for accurate transactions, customer handling, refunds, and dispute management.
Marketing & Promotion Provides guidelines for local advertising and use of approved marketing materials.
Performance Monitoring Covers transaction monitoring, activity requirements, reporting, and account usage standards.
Non-Misuse of Platform Restricts fraudulent activities, unauthorized transactions, and misuse of Payworld services.
Termination Clause Defines conditions for suspension or termination, including fraud, compliance violations, inactivity, or breach of agreement.
Transfer of Partnership Rights Specifies whether retailer rights can be transferred and the approval process.
Dispute Resolution Defines the process for resolving disagreements between Payworld and the partner.
