Press

February 06, 2013

Turning cash into online payments for the unbanked

"Historically, banking alternatives have charged high fees for their services, often because consumers had few alternatives. But companies like PayNearMe are hoping to fill this void and offer consumers increased convenience at a fair price."

January 29, 2013

Some renters want to pay in cash

"Accepting cash rent is never the greatest idea. Paper money is a liability for property managers and renters. But some renters want to pay in cash. Now both groups can win with PayNearMe Express, a new self-service system from the cash transaction network."

January 23, 2013

Cash-based payment platform PayNearMe lands funding from Maveron

"PayNearMe allows merchants to accept cash payments from remote users at 7-Eleven or ACE Cash Express stores. It just announced a new feature called PayNearMe Express, which is a self-serve system for merchants like property managers and collection agencies to accept cash."

January 22, 2013

PayNearMe cozies up to $10 million

"Not everyone has access to a credit or debit card, yet in this increasingly digital world, that can pose a significant challenge to both individuals and business owners. PayNearMe is a cash transaction network that makes it possible for businesses to accept cash remotely for goods or services."

January 21, 2013

VC's pour dollars into cash customers

"A startup that serves the 'under-banked' or 'unbanked' is proving to be attractive to the highly banked members of the venture capitalist industry. Today, PayNearMe, a cash-based payments platform that lets people pay for merchandise and services remotely with cash, announced a $10 million Series D round of funding led by August Capital.

January 21, 2013

PayNearMe Adds Self-Service System for Online Payments with Cash

"While the rest of the industry focuses on technology to replace cash, PayNearMe knows many people still use cash and wants to help these consumers make online payments easier with its new PayNearMe Express service."

January 21, 2013

PayNearMe raises $10M and launches self-service system

"PayNearMe, the company that’s giving cash a comeback, is expanding and bringing on a new investor. The company announced Tuesday that it’s launching PayNearMe Express, a new self-service system that will allow any business to sign up to begin accepting cash payments."

January 21, 2013

Paynearme launches paynearme express, adds 10m to prove cash is king

"...PayNearMe has a similar goal of helping people pay for items in cash that would traditionally require a bank account or a credit card. Today the company is debuting PayNearMe Express, a new feature to help businesses of any size accept cash remotely for goods or services."

January 21, 2013

PayNearMe now letting more types of business accept cash for online payments

"Payment network PayNearMe has announced a new service that expands its reach to additional businesses. PayNearMe Express adopts the same model as the existing remote cash payment service — customers can either print off a receipt or get one sent to their phone and take it to a 7-Eleven or ACE Cash Express to pay — but is suited for situations like rent, lending, collections, education, and insurance."

January 21, 2013

PayNearMe raises $10M, adds self-serve option to its cash payment network

"The Internet has fundamentally changed the way commerce is done — that is, for the 75 percent of the population with access to credit cards and checking accounts. For the remaining 25 percent, America’s un- and underbanked, cash is a way of life, meaning that ecommerce is not. August Capital partner Dave Hornik describes this as the 'second class Internet.'"

January 21, 2013

PayNearMe Raises $10 Million Series D; Launches Self-Serve Platform To Allow Any Business Accept Remote Cash Payments

"PayNearMe...focuses on bringing an alternative payment mechanism to under-banked and unbanked here in the U.S. The company works with business partners both online and off, which provide consumers with a payment slip which they can either print out or access on their mobile phone."

January 21, 2013

Banks’ Pain Is Startups’ Gain

"Based in Sunnyvale, California, PayNearMe is building an entirely new payment system geared toward the Americans who don’t have credit or debit cards. Since mid-2010, PayNearMe has let consumers purchase goods online, pay loans and buy bus tickets by going to their local 7-Eleven and using cash."

January 21, 2013

Pay Anyone With Cash — Even When They’re Miles Away

"Square changed the game for small businesses by letting anyone easily take credit cards. Now PayNearMe founder and CEO Danny Shader says he’s doing the same for cash."

October 17, 2012

PayNearMe Partners With AppFolio

PayNearMe (formerly Kwedit), a cash-based payments network, is today announcing a partnership with property management software maker AppFolio. This deal will allow tenants to pay their rent using cash at nearby 7-Eleven or ACE Cash Express stores at any time of day or night.

April 25, 2012

PayNearMe launches a mobile cash payment system

PayNearMe, a cash payment system that lets users pay for online purchases, bills and bus tickets at 7-Eleven stores, now offers a fully mobile payment option.

April 25, 2012

A Serial Entrepreneur Banks On Helping The 'Unbanked'.

While the concept of “food deserts” has fallen into question, there’s still no doubt that many impoverished neighborhoods are the banking equivalent of the Mojave.

April 25, 2012

Mobile Launch: PayNearMe Lets Consumers Pay Cash for Online Goods

Users can now pay in cash using a scanable barcode on their smartphone

April 25, 2012

PayNearMe launches mobile solution for cash payments

Users can now pay in cash using a scanable barcode on their smartphone

April 25, 2012

PayNearMe Takes Cash Payments System Mobile

PayNearMe, an alternative payments product that provides a compelling way for the ‘unbanked’ to use cash payments for online goods, is debuting its first mobile integration today.

August 30, 2011

PayNearMe and InfoSend Give Fairfield Residents New Cash Utility Payment Options

PayNearMe, an alternative payments product from the company formerly known as Kwedit, provides a compelling way for the 'unbanked' to use cash payments for online goods.

May 11, 2011

Web pioneer's new company makes it easier to pay bills with cash

Danny Shader made his first fortune founding a company that made it easier to pay for stuff on the Internet. He hopes to make his next by making it easier for working-class folks without bank accounts to pay cash for things closer to home.

May 10, 2011

PayNearMe expands platform with 4 initiatives

PayNearMe, the cash payment solution that allows users to make online transactions with cash, is announcing a bundle of new initiatives today, and what they all point to is the versatility of PayNearMe’s platform, which seems to be brimming with endless possibilities.

May 10, 2011

Cash Payment Network to Build Traffic, Dollars for 7-Eleven

PayNearMe, a Silicon Valley-based cash payment network, today announced four new initiatives with 7-Eleven that will provide consumers with an easier and quicker way to purchase transportation tickets, pay their utility bills, transfer money and make cash payments for international mobile top-up services. The new services are expected to drive traffic, as well as generate commission-related income, for the Dallas-based convenience store chain.

May 10, 2011

PayNearMe Expands Payment Options to the Unbanked

We’ve talked a fair amount about payments, but that’s often in the context of people who have credit cards and smartphones. But what about the 1/4 of households that don’t use credit cards?

May 10, 2011

PayNearMe's Cash Payments Product Can Now Be Used For Money Transfers, Bill Pay And More

We’ve frequently covered PayNearMe, an alternative payments product from the company formerly known as Kwedit, because its compelling services for the unbanked.

May 10, 2011

PayNearMe Targets 'Underbanked' Americans

For the 25 percent of Americans who lack credit or debit cards, a startup called PayNearMe wants to make paying utility bills or transferring money as easy as buying a Slurpee at 7-Eleven.

May 10, 2011

PayNearMe's Expands Its Cash Payment Network Internationally

Start-up PayNearMe is bringing its cash payment network to bus tickets, utility bills payments, international money transfers and mobile account transfers.

December 23, 2010

Shop on the Web Without a Credit Card

PayNearMe CEO Danny Shader on how to pay cash for online purchases.

December 23, 2010

Bloomberg Television reports on PayNearMe

Bloomberg Television's Cory Johnson reports on PayNearMe, a provider of alternative payment systems that let consumers purchase virtual goods without a credit or debit card.

December 23, 2010

How PayNearMe Wants to Make Cash Cool Again

For just a minute, forget about futuristic stuff, like waving your mobile phone to pay for things. This Mountain View, Calif.-based company is trying to make cash cool again.

November 22, 2010

Name Isn't All That's Changed at the Former Kwedit

Tilono Corp., Kwedit's inventor, has rebranded both the company and Kwedit Direct as PayNearMe, and has retargeted the service to focus less on e-commerce and more on...

November 22, 2010

How To Shove Cash Into A Computer

Daniel Shader's latest venture, called PayNearMe, lets consumers without credit cards make electronic purchases using cash at their nearby 7-Eleven.

November 16, 2010

PayNearMe Goes Mobile, Lands $16M to Buy Online Goods With Cash

The cash payment service PayNearMe, formerly known as Kwedit, announced today that it has grabbed another $16 million in funding and is launching a new mobile payment option.

November 16, 2010

PayNearMe Rings Up $16M From Khosla And Others For Cash Payments Product

PayNearMe, an alternative payments product from the company formerly known as Kwedit, has just raised $16 million in funding led by Khosla Ventures...

November 16, 2010

Mobile Payments Come to PayNearMe

PayNearMe’s new feature is the ability to use a phone to complete the transaction.

November 16, 2010

PayNearMe raises $16M, goes mobile

In September, PayNearMe introduced its revolutionary new payment system which allows any user to make payments for online purchases or loan repayments

November 16, 2010

Khosla Ventures has given its seal of approval to payment service PayNearMe

Tilono Corp., doing business as PayNearMe, has raised $16 million in Series C financing led by new investor Khosla Ventures as it launches a new card to make it easier for people to pay for online transactions with cash.

October 06, 2010

Betting that cash makes a comeback

Now a Mountain View, CA-based company called PayNearMe is making an aggressive move that is designed to reach the 25% of U.S. households who do not own credit or debit cards.

October 06, 2010

PayNearMe Launches Cash Payment Service at 7-Eleven Locations

Don’t have a credit card? Not a problem. That’s the mantra of PayNearMe, a service that makes it easier for consumers to make cash purchases remotely.

October 06, 2010

Finovate focus: Reaching the millions of unbanked

PayNear Me touts itself as a less-costly alternative to prepaid cards and their attendant fees. The program lets individuals order items or experiences online and pay for them in cash at one of 6,200 participating 7-Elevens, without the use of a credit or debit card.

September 15, 2010

Kwedit becomes PayNearMe, launches today

Online shopping is a big business, and many companies can attest to the fact that giving customers the option to shop online generates a lot of revenue. But what if a large chunk of your customers don't have credits cards?

September 15, 2010

7-Eleven Customers Can Pay Bills with Cash

Working with PayNearMe, 7-Eleven is offering consumers the chance to pay for ecommerce purchases, telephone orders, loan repayments and load funds into e-wallets -- with cash.

September 15, 2010

PayNearMe: a new payment service near you

If you don't have a credit card but you want to shop on the Internet, then you might be the perfect customer for a new product called PayNearMe.

September 15, 2010

PayNearMe Refreshes Kombini Payments For The US

Meanwhile, back in the U.S., the payments start-up formerly known as Kwedit has garnered a lot of attention for its Kwedit Promise payment method that was designed for teens as a way to pay for online games and virtual goods.

September 14, 2010

PayNearMe Expands Its Payment Platform Beyond Credits

A month after we wrote about PayNearMe’s new option for Facebook users to pay for Credits at their local 7-Eleven, the company’s business plan has become significantly more official: it’s announcing the launch of a full platform today, along with partnerships with virtual currency company Super Rewards, Friendster owner MOL, Amazon.com, Lexicon and several financial services.

September 14, 2010

Alternative to credit cards comes to 7-Eleven stores

Many consumers across the country take on credit card debt to pay for monthly expenses and other purchases, but there are some who are locked out of the financial system for one reason or another.

September 14, 2010

PayNearMe Launches Cash Payment System With 7-Eleven; Signs Up Amazon, Facebook

In August, we wrote about PayNearMe, an alternative payments product from the company formerly known as Kwedit. For background, Kwedit launched another payment product earlier this year, to much controversy. But this one could be a winner; PayNearMe has already signed up a number of high-profile merchants and is launching today to the public.