PayNearMe (Formerly Kwedit) Focuses on Local Cash Payments

Alternative payment service PayNearMe publicly announced the launch of its payment platform and is boasting a number of merchants including Facebook that will be using its services. The company, previously known as Kwedit that we covered back in Feburary, empowers consumers without cards to pay for a range of transactions like e-commerce purchases, telephone orders, loan repayments via cash at their local 7-Eleven stores. PayNearMe’s attempt to capitalize on this large opportunity may pay off nicely.

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