How Rapido®Pay's spatial proximity and lexical reconciliation engine aggregates scattered daily QR payments (all your existing countertop payment stands) to build bankable merchant credit profiles.
A typical kirana or restaurant in India places 3 to 5 separate QR stands on their counter:
Collects ₹3,000/day across 15 customers.
Collects ₹2,500/day across 12 customers.
Collects ₹2,500/day across 10 customers.
The Consequence: Because the merchant's daily ₹8,000 turnover is fragmented across three separate apps, each company views them as a low-volume merchant (only ~₹2,500/day) and rejects their working capital loan applications, or offers high interest rates.
Rapido®Pay provides a single unified merchant ledger without forcing the merchant to abandon their existing payment stands:
Rapido®Pay operates strictly as a Lending Service Provider (LSP) in adherence to the Reserve Bank of India (RBI) Digital Lending Guidelines:
| Regulatory Requirement | Rapido®Pay Implementation |
|---|---|
| Regulated Entity (RE) Partnership | Rapido®Pay does not lend from its own balance sheet. All loans are disbursed by RBI-registered Banks and NBFCs. |
| Transparent Partner Disclosure | All partner lending institutions are listed explicitly before a merchant applies. |
| Key Fact Statement (KFS) | Borrowers receive a standardized KFS detailing exact APR, processing fees, and repayment schedules prior to loan execution. |
| Zero Cost to Merchants | Rapido®Pay charges ₹0 platform fee to merchants. Lending partners compensate Rapido®Pay via technology origination fees. |
