PayNearMe Named “Best Consumer Payment Platform” 2 Years Running by FinTech Breakthrough

Silicon Valley-based financial technology company recognized for continuous innovation, transforming bill pay industry

SANTA CLARA, Calif., March 17, 2021 – PayNearMe, the modern and reliable payments platform known for making payments easy for both businesses and customers, has been named “Best Consumer Payment Platform” for the second year in a row by FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in today’s global FinTech market. The judging panel, which is composed of senior-level, experienced FinTech professionals, recognized PayNearMe for its continued innovation and excellence in delivering the industry’s best electronic bill pay experience for consumers.

“PayNearMe brought Fintech to bill payment with laser focus on creating a frictionless user experience. Equally impressive, the company has continued to innovate and expand its platform to meet the goal of enabling any tender of electronic payment using any payment channel,” said James Johnson, Managing Director, FinTech Breakthrough.

“Regardless of how customers choose to pay, we believe bill payments are a critical point of engagement between businesses and their customers,” said CEO Danny Shader, PayNearMe. “That’s why every new PayNearMe feature and product release is focused on helping businesses and government agencies create a positive experience for their customers every single time they pay a bill.”

In the past year alone, PayNearMe has released more than 50 platform updates that continue to improve the bill pay experience. According to the judges, the following new innovations make PayNearMe the clear winner of the ‘Best Consumer Payments Platform’ designation in the 2021 FinTech Breakthrough Awards program:

Dynamic Mobile Wallets: This PayNearMe innovation makes it easy for billers to create rich bill pay experiences directly in Apple and Google digital wallets, allowing consumers to save their account information, make one-click payments, see recent transactions, receive payment reminders, review bill statements and more. Billers can dynamically update content in the wallet and simplify the payment process, without having to manage any app updates or dedicate developer resources.
Digital Disbursements: This PayNearMe innovation allows near instantaneous funds via debit card or overnight via ACH, saving billers time and money while getting critical funds into the hands of their customers.
Payment Automation: This PayNearMe innovation enables businesses to automate their payments process to mitigate risk, decrease operating expenses and drive ideal customer payment behaviors. Using our technology, businesses can tailor the agent and customer experience to fit their unique needs.

In the consumer FinTech space, delivering a convenient, consistent experience across multiple channels is critical. “Billers want to improve collections and reduce customer service costs by improving their payment experiences, but they lack the resources to create first-class experiences for their customers,” said Johnson. “PayNearMe solves this problem by continually innovating to provide billers with a complete system that enables their customers to pay their bills remotely with any form of payment through any channel they desire.”

PayNearMe delivers modern and reliable payment technology that ensures clients can accept every payment, every time. “Award recognitions like this highlight how our platform is transforming the bill payments industry,” said Shader. “I’d like to recognize our entire team for pushing to continue introducing innovative features that help redefine what’s possible in the bill pay industry.”

The FinTech Breakthrough Awards is the premier awards program founded to recognize the FinTech innovators, leaders and visionaries from around the world in a range of categories, including Banking, Personal Finance, Lending, Payments, Investments, RegTech, InsurTech and many more. The 2020 FinTech Breakthrough Award program attracted more than 3,850 nominations from across the globe.

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About PayNearMe

PayNearMe is the industry’s only platform that facilitates cards, ACH, cash and mobile-first payment methods including Apple Pay. Our technology provides a simple way for businesses to collect all of their payments through an intuitive, consistent experience for their customers. PayNearMe processes payments for thousands of businesses and government agencies including the State of California, Oportun, Grameen America, Santander, United Auto Credit, Westlake Financial Services and OneMain Financial, among others. PayNearMe has powered cash payments since 2009, and today is accepted at over 27,000 retail locations in the U.S. including participating 7-Eleven®, Family Dollar®, Casey’s General Stores® and ACE Cash Express®.

To learn more about PayNearMe, please visit home.paynearme.com. Follow PayNearMe on Twitter, LinkedIn and Facebook.

The PayNearMe service is operated by PayNearMe MT, Inc., a licensed money transmitter.

About FinTech Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for technology innovation and leadership, the FinTech Breakthrough Awards program is devoted to honoring excellence in Financial Technologies and Services companies and products. The FinTech Breakthrough Awards provide public recognition for the achievements of FinTech companies and products in categories including Payments, Personal Finance, Wealth Management, Fraud Protection, Banking, Lending, RegTech, InsurTech and more. For more information visit FinTechBreakthrough.com.