BENTONVILLE, Ark.—In August, users of the PayNearMe mobile payments app will have the option of using cash to complete bill payment transactions at select Walmart locations, Chain Store Age reports. Other retailers, such as 7-Eleven, currently utilize PayByMe for in-store cash bill transactions.
The service is part of Walmart’s expansion of financial options available in stores. To use dollars and cents to pay for bills for utilities and other services, customers show a scannable code at the store’s money services or customer service desk and provide the cash to the team member. A receipt confirming the completed payment is handed to the customer, while the funds transfer electronically to the biller.
“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 Michael Kaplan, chief revenue officer and general manager at PayNearMe.
PayByMe tapped existing partner Green Dot, a financial technology provider, to team up with Walmart to offer the cash payment option. PayByMe said it would bring similar services to more retailers in the Green Dot Network as part of their partnership.
“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 Brandon Thompson, executive vice president of retail, tax and paycard at Green Dot. “We’re proud that millions of Walmart shoppers can now pay bills with cash in store, an essential offering for [customers] made easier by our partnership with PayNearMe.”
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