PayNearMe, a cash payment system that lets users pay for online purchases, bills and bus tickets at 7-Eleven stores, is now offering a fully mobile payment option. Users who don’t have a card can complete their purchases without having to print out anything.
ZestCash, a next generation loan-service for the underbanked led by former Google CIO Douglas Merrill, has raised $19 million to expand its data-driven approach to offering short-term loans. The company uses online data to help determine the credit worthiness of customers.
Silicon Valley start-up PayNearMe is addressing the 1/4 of households that don’t use credit cards and today, it’s rolling out four new options that ramp up the number of things consumers can pay with using cash.