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PayNearMe Turns 10: Celebrating a Decade of Innovation

Announcements
May 22, 2019

In early 2009, PayNearMe’s founding team opened the proverbial doors for the first time. And now, 10 years later, we’re celebrating the incredible growth journey that’s led us to where we are today.

We’re proud to service millions of consumers who demand more ways to pay for the goods and services they depend on in their everyday lives.

We’re appreciative of the incredible support and feedback we get from our 5,000+ customers who rely on PayNearMe to provide secure, reliable and innovative payment solutions.

We’re grateful for the team we’ve assembled that has leveraged and built the best technologies, enabling us to process billions of dollars in transactions every year without a hitch.

We’re thankful for our investors and partners who have given us the resources and reach to make an impact on the industries we serve.

Each and every person, group and institution above has helped lay the foundation upon which our company is built, and it’s because of this support that we continue to thrive today.

Looking Back

When PayNearMe was founded a decade ago, our goal was simple: to help businesses and government agencies accept cash from underserved consumers at neighborhood retail locations. We wanted to make cash safer, faster and more practical in a digital age.

“We originally built PayNearMe to solve a big problem: the difficulty and expense of paying bills with cash through traditional walk-up networks. We created the only cash processing platform that operates in real-time, 24 x 7, at local, convenient, safe and trusted national retailers. As we celebrate our 10th year, we are proud to offer a complete platform that ensures our clients can accept every payment, every time,” said Danny Shader, our CEO and Founder. “Our clients choose PayNearMe so consumers can pay however they want via the best user experience, and for our unrivaled uptime and support.”

But we didn’t stop there. We responded to our customers’ request to use our platform to accept all forms of payment, including debit, credit and ACH alongside our unique cash offering. Our feature set has continued to grow, and our product has evolved into a complete payment system, offering built-in SMS and email reminders, mobile wallet integration, and the most intuitive user interface on the market.

Meanwhile, our industry-leading cash solution has continued to mature and grow. Our retail network now includes more than 27,000 storefronts nationwide.

“As the first retail outlet to accept PayNearMe cash payments for online purchases, 7-Eleven has seen customer acceptance, number of transactions, and our business relationship grow significantly over the last 10 years,” said 7-Eleven President and CEO Joe DePinto.

“PayNearMe’s reliable and flexible payment platform is another way 7-Eleven continues to give customers what they want, when and where they want it—whether they want to conveniently pay bills with cash, make online purchases, buy a bus ticket or even pay taxes.”

Looking Forward

The future looks brighter than ever for PayNearMe. Since the launch of our complete electronic payments (EP) offering, our payment volume has increased 25% month over month with no signs of stopping. It’s this growth that helps us to reinvest in our team and product and to provide exceptional service, new features and rock-solid reliability.

“Apoyo Financiero, like PayNearMe, believes in serving our customers where, when and how they want,” said Antonino Morales, President and CEO of Apoyo Financiero, Inc. “We can serve our customers at one of our branch locations, on-line or over the telephone. PayNearMe is a great partner because they provide Apoyo Financiero the option to reliably accept cash or electronic payments from our customers where and when they choose.”

No one knows what the future holds, but if the last 10 years have taught us anything, it’s to strap on our seat belts, innovate for our customers, and enjoy the ride. We look forward to growing with each and everyone of you moving forward.

Thank you all for a decade of success.