5 months ago
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A Visakhapatnam-based commerce level called ‘Payzo’ has been launched with an nonsubjective of delivering instant rewards connected section purchases.
It has been built to fortify neighbourhood businesses by combining integer find with instant cashback rewards. The mobile exertion enables users to observe adjacent stores, marque payments straight done the app, and gain cashback connected mundane purchases — making section buying much rewarding, accidental founders Shankar D, an entrepreneur from Visakhapatnam, and Vyshnavi Chenna from Hyderabad.
“The founding squad brings unneurotic beardown section marketplace knowing and execution expertise. While Mr. Shankar leads selling strategies, maturation initiatives, and marque development, I oversee technology, merchandise execution, and wide operations,” Ms. Vyshnavi told The Hindu.
“Our purpose is to marque section buying much rewarding, portion supporting neighbourhood businesses. We person launched it successful July 2025,” says Mr. Shankar.
“We privation Payzo to make a beardown and sustainable ecosystem for section commerce done reliable exertion and seamless experience. For immoderate different app, the reward points are decidedly a promotion strategy. For us, cashback is our USP (unique selling proposition). And is guaranteed for adjacent 100 years,” adds Ms. Vyshnavi.
Using location-based technology, Payzo allows users to browse section businesses based connected category, distance, and discount percentage. Once a outgo is completed, cashback is credited to the user’s Payzo equilibrium and tin beryllium redeemed connected aboriginal purchases astatine spouse stores.
For merchants, Payzo offers escaped onboarding done a dedicated vendor mobile application. Store owners tin database their businesses, negociate discounts, and entree transaction insights without paying immoderate onboarding interest oregon commission. All discounts offered connected the level are afloat merchant-funded, positioning Payzo arsenic a low-risk lawsuit engagement and retention instrumentality for tiny and mean enterprises, the founders assert.
Looking ahead, Payzo plans to grow its offerings with features specified arsenic measure payments and product-based bookings, further strengthening its relation successful mundane section commerce, they conclude.
