PayNearMe

PayNearMe is a leading bill payment platform provider that enables unbanked consumers to make cash payments for various services. The company's technology generates a barcode that consumers can take to participating merchant locations within their vicinity. At the store, customers scan the barcode, provide cash to the cashier, and receive a receipt confirming the payment. This innovative solution solves the challenge of accepting cash payments in an increasingly digital world.

PayNearMe's platform supports multiple payment methods, including cash, credit/debit cards, and bank accounts. The company has built an extensive merchant network of over 40,000 retail locations across the US, including partnerships with major chains like Walgreens, CVS Pharmacy, Walmart, and Family Dollar Stores. By March 2022, PayNearMe had expanded its network by nearly 50% over the previous 12 months, with the addition of nearly 9,000 Walgreens and Duane Reade locations.

PayNearMe offers a seamless payment experience for customers while enabling businesses to increase foot traffic and potential incremental sales. The company focuses on partnering with convenience stores, dollar stores, grocers, and pharmacies, as these merchant categories align well with their business model.