PayNearMe clients can now offer their customers alternative bill payment options using all major mobile wallets and payment apps
SANTA CLARA, Calif., July 18, 2023 /PRNewswire-PRWeb/ -- PayNearMe, a fast-growing fintech company radically improving the customer payment experience, is now natively integrating with Cash App Pay. This new partnership enables PayNearMe's clients to offer their customers the ability to seamlessly pay bills using their Cash App accounts, providing more options for convenient payments.
"We are excited to be early to market with Cash App Pay, a payment type that is growing in popularity," said John Minor, Chief Product Officer, PayNearMe. "By offering Cash App Pay, we're enabling our clients to provide their customers with more payment options and greater convenience."
As of March 2023, Cash App had 53 million monthly transacting actives [1]. According to PayNearMe research, 22% of consumers say Cash App is an important or very important option for bill pay.
"Cash App Pay is a fast and simple payment solution that allows consumers to pay for goods and services using their Cash App accounts," said Jessica Bullitt, Head of Commerce Product at Cash App. "By partnering with PayNearMe, we're making consumers' lives even easier by enabling them to make bill payments at more businesses."
The native integration with Cash App Pay means customers of PayNearMe clients can make payments within their bill payment workflow. There is no need to manually re-enter card or bank details, keeping sensitive personal information secure and allowing transactions to be easily carried out with only a few taps.
"The addition of Cash App Pay will give our customers even more choice and flexibility for making their auto loan payments," said Mike Lavin, Chief Operating Officer, Consumer Portfolio Services, Inc. "PayNearMe is helping us meet our customers where they are by enabling payments at any time, anywhere and in any way they want to pay."
The integration of Cash App Pay demonstrates PayNearMe's continued commitment to providing businesses with the ability to quickly and easily accept modern payment methods favored by consumers. All transactions are saved to a single ledger to help ensure the reconciliation process is easy for businesses accepting any or all of PayNearMe's available payment types.
[1.] A transacting active is a Cash App account that has at least one financial transaction using any product or service within Cash App during a specified period.
About PayNearMe
PayNearMe develops technology that drives better payment experiences for businesses and their customers. Our modern, flexible and reliable platform helps businesses increase customer engagement, improve operational efficiency and drive down the total cost of accepting payments. PayNearMe enables more ways to pay by offering all major payment types and channels in a single platform.
PayNearMe today processes a wide range of payment types including Apple Pay, Google Pay, Cash App Pay, PayPal, Venmo, cards and ACH, and has enabled cash payments through our proprietary cash network since 2009. PayNearMe cash payments are accepted at more than 40,000 retail locations in the U.S. including participating 7-Eleven®, Walmart®, Family Dollar®, Casey's General Stores® and ACE Cash Express®, among others.
Thousands of businesses partner with PayNearMe to manage the end-to-end customer payment experience in industries such as Consumer Finance, Property Management, Insurance, Utility and Municipality and iGaming and Sports Betting.
To learn more about PayNearMe, please visit http://www.paynearme.com. Follow PayNearMe on Twitter, LinkedIn and Facebook. The PayNearMe service is operated by PayNearMe MT, Inc., a licensed money transmitter.
About Cash App
Cash App is the money app. It's the easy way to spend, send, store, and invest money. Sending and receiving money is free and fast, and most payments can be deposited directly to a bank account in just a few seconds. With Cash App, customers can also invest in their favorite companies with as little as $1, buy and sell Bitcoin instantly, get a paycheck deposited right to the app, create a unique $cashtag to share with anyone to get paid fast, and use the Cash App Card to spend the money anywhere VISA is accepted. Cash App Card is issued by Sutton Bank, pursuant to a license from Visa USA Inc. Download Cash App for free at cash.app/download.
Media Contact
Scott Muff, PayNearMe, 402-212-2115, [email protected]
SOURCE PayNearMe
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