Walgreens joins PayNearMe cash payment network

According to a Press release Wednesday (March 9).

“About 78% of the US population lives within five miles of a Walgreens or Duane Reade store,” said Michael Kaplan, Chief Revenue Officer and Chief Executive Officer of PayNearMe. Walgreens acquired Duane Reade in 2010.

“With Walgreens in our retail network, our customers can now offer their cash-preferred customers even more convenience by allowing them to pay their bills in the same place where they shop,” Kaplan added.

See also: PayNearMe and the Pin4 team allow the withdrawal of sports betting winnings

More than 4,600 Walmart locations recently joined the PayNearMe network through its Green Dot partnership. More retailers will soon be added to PayNearMe, the company said.

“In the past 12 months alone, PayNearMe has grown its retail footprint by almost 50%,” Kaplan said.

PayNearMe users can walk into any participating retailer and make a cash payment by showing the cashier a scannable code on their smartphone. A receipt is issued when the transaction is complete.

Read more: PayNearMe launches MoneyLine iGaming gaming tool

“The Green Dot network, which includes more than 90,000 cash top-up locations, is a valuable asset for partners as they focus on empowering customers with more seamless, secure and convenient access to their money” , said Brandon Thompson, executive vice president of retail, tax, direct and Paycard at Green Dot.

Launched in 2009 in Silicon Valley by CEO Danny ShaderPayNearMe develops technology that improves payment experiences for businesses and their customers.

PayNearMe processes all forms of payment including Cards, ACH, Apple Pay, Google Pay, PayPal, and Venmo. Cash payments are enabled through its proprietary e-money network which includes participating 7-Elevens, Family Dollars and Casey’s General Stores.

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NEW PYMNTS DATA: ACCOUNT OPENING AND LOAN SERVICE IN THE DIGITAL ENVIRONMENT

On: Forty-two percent of US consumers are more likely to open accounts with financial institutions that facilitate automatic sharing of their bank details upon sign-up. The PYMNTS study Account opening and loan management in the digital environmentsurveyed 2,300 consumers to explore how FIs can leverage open banking to engage customers and create a better account opening experience.

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