PayNearMe Introduces First Mobile 'Cash' Payment System

PayNearMe has announced the availability of a new mobile cash payment system.

"Since its inception, PayNearMe has offered the most effective mechanisms for companies to serve cash consumers, including the un- and underbanked," said PayNearMe CEO Danny Shader. "By adding a fully mobile payment option to our platform, we're not only providing businesses with the ability to better serve their existing customers, but we're giving them a foundation from which they can expand to reach new audiences, such as mobile gamers and the next generation of consumers."

PayNearMe also announced that it has seen 30% plus month-over-month transaction growth over the last 16 months.