PayNearMe Launches Mobile Service for Online Purchases
April 26, 2012
PayNearMe, an alternative payment method that enables mainly unbanked consumers to pay cash for online purchases, has introduced a mobile version of the service. Like the original version, consumers who choose PayNearMe at checkout take their receipt to the nearest 7-Eleven store and pay using cash. The company says the mobile app is even simpler as shoppers don’t need to print out a paper receipt to make payment. They just scan a barcode at the convenience store’s counter or show the electronic receipt on the smartphone’s screen.
“Since its inception, PayNearMe has offered the most effective mechanisms for companies to serve cash consumers, including the un- and underbanked,” said PayNearMe CEO Danny Shader. “By adding a fully mobile payment option to our platform, we’re not only providing businesses with the ability to better serve their existing customers, but we’re giving them a foundation from which they can expand to reach new audiences, such as mobile gamers and the next generation of consumers.”
Greyhound Lines and payday lender Progreso Financiero are the first merchants to deploy the PayNearMe mobile solution.