REPAY partners with Green Dot to expand cash bill pay innovations
By Gloria Methri
Repay, a provider of vertically integrated payment solutions, has partnered with Green Dot to expand bill payment options for its clients spanning personal finance, auto finance, credit unions, mortgage, and other industries.
Powered by the expansive Green Dot Network, REPAY clients can now support their customers with eCash payment options at more than 45,000 retail locations across the United States.
“As a leader in the transformation of integrated digital payments, we continuously look for opportunities to expand and enhance our solutions across payment modalities and networks,” said Jake Moore, EVP, of Consumer Payments, REPAY. “Offering our clients, the ability to securely and efficiently accept cash payments will enable them to deliver additional bill payment options, driving customer satisfaction.”
Cash payments account for at least 20 per cent of all transactions, according to the Federal Reserve. By partnering with Green Dot, REPAY can offer businesses the ability to accept cash bill payments and make more than 45,000 convenient retail locations available to their customers to pay bills quickly and safely with cash in person.
“Enabling businesses to transact and provide customers with more options to pay bills and move money is core to our mission to give all people the power to bank seamlessly, affordably and with confidence,” said Crystal Bryant-Minter, SVP, of Money Movement at Green Dot. “We are proud to partner with REPAY to offer small businesses the functionality they need to expand financial access for their clients and customers.”
For more than 20 years, Green Dot has expanded access to modern banking and payment tools for consumers and businesses. The Green Dot Network of more than 90,000 retail locations throughout the U.S. offers cash-in and cash-out capabilities in stores including Walmart, Walgreens, 7-Eleven, CVS and more.
As traditional banks continue closing brick-and-mortar locations across the U.S., particularly in underbanked communities, the Green Dot Network provides seamless access to cash services for almost all U.S. consumers, with 96 per cent of the population living within three miles of a Green Dot Network location.
IBSi Daily News Analysis
January 16, 2024
Bill Payments
Egypt among top remittance recipient countries in 2023: World Bank
Read MoreIBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage