Walmart, PayNearMe Team To Offer Cash Bill Payment Services

Mobile cash payments platform PayNearMe has announced that customers will be able to facilitate cash payments for bills through the Green Dot Network at participating Walmart stores, according to a Tuesday (June 8) press release.

PayNearMe gives people who rely on cash the ability to make bill payments at convenience stores and other locations — and now at Walmart. PayNearMe’s network tops 31,000 retail locations after teaming with Walmart.

“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,” said PayNearMe Chief Revenue Officer and General Manager Michael Kaplan.

PayNearMe recently expanded its relationship with Green Dot and anticipates launching additional partnerships to further service its customers at more 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 Green Dot EVP of Retail, Tax and PayCard Brandon Thompson.

Launched in Silicon Valley in 2009 by Danny Shader, who serves as the company’s CEO, PayNearMe processes all forms of payment in addition to cash, including cards, ACH, Apple Pay and Google Pay, per the release.

For its part, FinTech Green Dot, founded in 1999 and headquartered in Pasadena, California, operates as a “branchless bank,” servicing more than 33 million customers at more than 90,000 retail distribution locations nationwide.

Walmart also teamed with Western Union in May to offer payments and money transfers at its 4,700 retail locations across the U.S. Western Union offers a cross-border platform that can handle 130 currencies from 200 countries and territories around the globe.

The retail giant operates 11,400 stores in 26 countries as well as numerous retail websites. Its fiscal year 2020 revenues were $524 billion.