SANTA CLARA, Calif., June 8, 2021 /PRNewswire-PRWeb/ -- PayNearMe, the modern and reliable payments platform known for making payments easy for both businesses and customers, announced that effective August 2021 PayNearMe customers will be able to complete bill payment transactions at participating Walmart locations. By expanding its partnership with Green Dot (NYSE: GDOT), a financial technology company committed to seamlessly connecting people to their money, PayNearMe can enable consumers to access Green Dot's more than 90,000 retail locations nationwide.
To pay bills at participating Walmart stores, customers simply show an associate at the Money Services desk or Customer Service desk the scannable code on their smartphone, pay with cash and collect a receipt that confirms the payment is completed. Funds are then transferred to the biller electronically through a single consolidated settlement.
Michael Kaplan, Chief Revenue Officer and General Manager, PayNearMe, said "Nearly a quarter of the U.S. population prefers – or needs – to pay their bills in cash, and when these individuals can pay their rent, car payments and utility bills in the same location where they shop, paying bills on time becomes easier and more convenient. We're excited to offer more PayNearMe locations for consumers to make cash payments."
With the addition of Walmart, PayNearMe's cash network surpasses 31,000 retail locations.
"We are always looking for opportunities to deliver modern and seamless banking and money management solutions that create exceptional experiences for our customers and partners," said Brandon Thompson, EVP of Retail, Tax and PayCard, Green Dot. "We're proud that millions of Walmart shoppers can now pay bills with cash in store, an essential offering for this customer made easier by our partnership with PayNearMe."
PayNearMe expects to launch additional retailers in the Green Dot Network through the expanded partnership, servicing PayNearMe clients across all vertical markets.
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 all forms of payment including cards, ACH, Apple Pay and Google Pay, and has enabled cash payments through our proprietary cash network since 2009. PayNearMe cash payments are accepted at more than 31,000 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.
This press release contains forward-looking statements regarding product development and availability. The development release and timing of future product releases remains at PayNearMe's sole discretion. Any such referenced products do not represent promises to deliver, commitments or obligations of PayNearMe MT, Inc. PayNearMe assumes no obligation and does not intend to update these forward-looking statements.
About Green Dot
Green Dot Corporation (NYSE: GDOT) is a financial technology and registered bank holding company committed to transforming the way people and businesses manage and move money, and making financial wellbeing and empowerment more accessible for all.
Green Dot's proprietary technology enables faster, more efficient electronic payments and money management, powering intuitive and seamless ways for people to spend, send, control and save their money. Through its retail and direct bank, Green Dot offers a broad set of financial products to consumers and businesses including debit, prepaid, checking, credit and payroll cards, as well as robust money processing services, tax refunds, cash deposits and disbursements. The company's Banking as a Service ("BaaS") platform enables a growing list of America's most prominent consumer and technology companies to design and deploy their own customized banking and money movement solutions for customers and partners in the US and internationally.
Founded in 1999 and headquartered in Pasadena, CA, Green Dot has served more than 33 million customers directly, and now operates primarily as a "branchless bank" with more than 90,000 retail distribution locations nationwide. Green Dot Bank is a subsidiary of Green Dot Corporation and member of the FDIC. For more information about Green Dot's products and services, please visit http://www.greendot.com.
Scott Muff, PayNearMe, 402-212-2115, [email protected]