Silicon Valley-based financial technology company recognized for transforming bill pay with a modern user experience.
SANTA CLARA, Calif., March 25, 2020 – PayNearMe, the modern and reliable payments platform known for making payments easy for both businesses and customers, has been named “Best Consumer Payment Platform” 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 excellence in delivering the industry’s best electronic bill pay experience for consumers.
According to the judges, “While the FinTech revolution has disrupted nearly all aspects of the payments industry, bill pay was one area that was not addressed. PayNearMe tackles this gap in the market by delivering a better customer experience with bill pay, matching the seamless user experience customers have come to expect with the flexibility, security and reliability businesses need.”
Unlike other bill payment platforms, PayNearMe’s enterprise-class payment platform enables businesses to accept payments from customers at any time, anywhere, and in any way they want to pay — including credit, debit, ACH, Apple Pay or cash.
Customers who choose to pay cash do so by taking a digital payment barcode to one of 27,000 participating retailer locations. This gives customers more payment choice and convenience, while letting businesses manage all their payments in a single platform.
“We’ve made it easy for consumers to pay their bills using any device and with any tender,” said Danny Shader, Founder & CEO, PayNearMe. “With PayNearMe, businesses and government agencies can send payment reminders to customers via an email or text message that includes a link they can click to make secure payments — no login or account numbers required — it’s that simple.”
In the consumer FinTech space, delivering a convenient, consistent experience across multiple channels is critical. “PayNearMe delivers on this need with a modern and user-friendly payment platform, and is well-positioned as the leader in the bill payment space,” said James Johnson, Managing Director, FinTech Breakthrough. “The company’s dedication to building ‘breakthrough’ technology and providing an outstanding customer experience helps PayNearMe stand out in the crowded FinTech market.”
PayNearMe delivers modern and reliable payment technology that ensures our clients can accept every payment, every time. “We are proud that the elegance of our mobile-first payment platform and the benefits it provides to both businesses and consumers has been recognized by FinTech Breakthrough,” said Shader. “Award recognitions like this highlight how our platform transforms the way consumers pay their bills and helps businesses and government agencies collect more on-time payments.”
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 3,750 nominations from across the globe.
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.