Paykar

What Paykar does

Paykar is an early-stage, India-based (Ghaziabad) blockchain platform that operates a mobile application combining everyday financial transactions — utility bill payments, mobile recharges, and peer-to-peer transfers — with a cryptocurrency rewards layer. The platform is built on Binance Chain as an open-source payment system and centers on an "earn through spending" model in which users accrue PAYKAR coins through routine activity plus a free mobile-mining mechanic that issues 1 coin every 12 hours per login, with no hardware or KYC required for basic earning. A non-custodial digital wallet with user-controlled private keys and an append-only blockchain ledger provides the underlying transaction infrastructure.

The core product suite consists of the Paykar App (the user interface), the PAYKAR token (the native Binance Chain-based cryptocurrency), and a decentralized digital wallet. The platform currently has 1-10 employees, a four-person executive team led by Parvinder Bansal (CEO & Lead), and no disclosed institutional investors or named customers. Its planned product roadmap extends from Q1 2026 app beta testing through Q2 2026 crowdfunding/smart-contract integration, Q3 2026 US retailer onboarding, and Q4 2026 third-party hardware controller and marketplace module integration.

Paykar's business model relies primarily on a planned multi-stage Initial Coin Offering (ICO) as its primary monetization mechanism: a $0.80 per-token sale running 60 days from September 11, 2026 through December 11, 2026, with a 1.5 billion token allocation for sale out of a 10 billion max supply, a $2M pre-sale soft cap, and stage hard caps of $5M and $3M respectively. The platform is positioned for a global consumer audience with no geographic restrictions and uses a product-led and community-led growth motion via content marketing, a referral program, and pre-sale signup campaigns. No recurring service revenue, transaction fees, or paying customer base is disclosed at this stage.

Name

Paykar

Website

https://paykar.io

Company type

Private

Founded year

2025

Operating status

Operating

Headcount range

1–10 employees

Short description

Paykar is an early-stage India-based blockchain platform offering a mobile app that combines everyday financial transactions (bill payments, recharges, transfers) with cryptocurrency rewards via an "earn through spending" model on Binance Chain, targeting global retail consumers ahead of a planned 2026 ICO.

Ownership category

akta.pro rank

Product category

Cryptocurrency Wallet & Rewards Platform

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)

akta.pro primary industry

Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)

akta.pro secondary industries

Smart Contract Wallets & Account Abstraction (FSADACAF), Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)

Keywords

• Mobile crypto wallet
• Crypto rewards platform
• Blockchain payments
• Mobile mining app
• Digital payment services

Headquarters

HQ city

Ghaziabad

HQ country

India

HQ region

Asia

Markets served

GTM type

B2C

Offering type

Software

Cost components

Operations, Marketing or Sales, Technology or R&D, Personnel, Others

Revenue model

1. Token Sale (ICO): Initial Coin Offering (ICO) for PAYKAR token sale. Tokens sold at $0.80 USD with bonuses ranging from 10-30% depending on sale stage. Max supply of 10 billion tokens with 1.5 billion available for sale. Token sale duration 60 days from September 11, 2026 to December 11, 2026.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Paykar is a mobile-first finance application built on the Binance Chain blockchain that lets users earn Paykar coins (a native crypto token) through free mobile mining every 12 hours and through an "earn through spending" model that rewards everyday payments such as utility bills, mobile recharges, and transfers. The platform also offers a decentralized digital wallet for storing Paykar coins, with user-controlled private keys and anonymous identity. The PAYKAR token is being sold through a multi-stage Initial Coin Offering (ICO) at $0.80 USD with stage-based bonuses of 10–30%.

Product overview

Paykar is a unified mobile finance application that combines traditional payment services (bill payments, recharges, transfers) with cryptocurrency rewards. The ecosystem is anchored by the Paykar App, which serves as the primary user interface, and the Paykar Coin (PAYKAR) token built on Binance Chain. Users interact with the platform through a secure Digital Wallet to store their earned crypto. The platform generates rewards through mobile mining and spending activities, with an ICO token sale as part of the go-to-market strategy.

Differentiator

Problem solved

Functional benefit

Products and services

• Paykar App A mobile-first finance application for everyday consumers that enables bill payments, utility bill recharges, money transfers, and crypto rewards through an "earn through spending" model. Users earn Paykar coins by logging in every 12 hours, by making routine payments, and by installing partner apps.
• Paykar Coin (PAYKAR) The native cryptocurrency token of the Paykar ecosystem, built on Binance Chain, with a max supply of 10 billion tokens. Users earn PAYKAR coins through mobile mining, spending, and promotional activities; the token is designed for fast, low-cost transactions within the platform.
• Paykar Digital Wallet A secure, encrypted decentralized wallet for storing Paykar coins and digital assets, with user-controlled private keys and anonymous coin-holder identity.
• Paykar Token Sale (ICO) An Initial Coin Offering event with three stages - Pre-Sale (30% bonus, $2M soft cap), Sale Stage 1 (20% bonus, $5M hard cap), and Sale Stage 2 (10% bonus, $3M hard cap) - selling 1.5 billion PAYKAR tokens at $0.80 USD each.

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Coinbase: Major US-regulated crypto exchange offering a mobile wallet, on-chain rewards programs (Coinbase Earn), and staking. Provides broader crypto payments infrastructure and a benchmark for regulated consumer crypto UX.

Direct peers

• Lolli: Bitcoin rewards browser extension and app that gives users crypto for everyday online shopping. Same 'earn crypto through spending' wedge applied to consumer payments rather than bills/recharges.
• Pi Network: Mobile-first crypto project that lets users mine a native token by logging in on their phones, with no hardware required and no KYC for basic earning. Closest direct analogue to Paykar's mobile-mining and freemium earning model.
• StormX: Cashback and crypto rewards platform that pays users in tokens for shopping at partner merchants. Directly comparable 'earn through spending' value proposition targeting everyday consumer payments.
• Sweat Economy: Move-to-earn and reward-based mobile app that issues SWEAT tokens to users for everyday activity. Comparable freemium mobile app model with token rewards for consumer actions and a global audience.

Others

• Crypto.com: Large crypto exchange and Visa card issuer with a rewards program that pays users CRO tokens for spending. Operates a mobile app combining wallet, payments, and rewards — a scaled analogue of Paykar's full-stack vision.

Emerging players

• Brave Browser: Privacy browser with the BAT rewards token paid to users for viewing privacy-respecting ads. Comparable consumer-facing utility token model tied to everyday digital activity rather than pure mining.
• Presearch: Decentralized search engine that rewards users with PRE tokens for searching. Comparable lightweight consumer crypto-reward model built on a public blockchain with no KYC for basic earning.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights5 records

Customer concentration

• Xx.com/paykar_io
• Facebookfacebook.com/paykar.co.in
• LinkedInlinkedin.com/company/paykarapp

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Paykar