OR-based PayRange has inked a deal with Sumitomo Mitsui Card Company (SMCC), a major merchant acquirer in Japan to expand the PayRange mobile payment solution to millions of Japanese vending machines.
While Japan has among the most advanced vending machine markets in the world almost none of the vending machines take credit or debit cards. Some machines accept prepaid transit cards, but the vast majority are cash and coin only.
In addition to vending, the PayRange solution will also be available on Japanese laundry and amusement machines. SMCC has experience bringing innovative payment solutions into Japan. They have partnered with other US companies such as Square and Stripe to make those services available in that market.
PayRange was founded in 2013 by Paresh Patel to provide operators and consumers with the simplest, most accessible mobile payment solution for vending, amusement, laundry and more.
The Company’s Foundation:
*Leverage the user’s connection. Why connect machines to the cellular network when the users have a connected smart phone? We eliminate the costly cellular hardware and recurring monthly fees and provide an interface that is familiar to the user (their own phone).
*Aggregate micro-payments. Users prefund our wallet and then use on a variety of machines. It is more convenient and faster for the user, and reduces transaction costs for the operator.
*Eliminate contact point on machines. We significantly reduce problems for the operator by eliminating physical contact. And because there is no contact point, we improve ADA compliance – with the user’s phone in hand, it doesn’t matter if the user is 6’9” or in a wheelchair.
Consumers download the free mobile app from either the Apple App Store or the Google Play Store. And with flexible funding options including all major cards, Apple Pay, and Android Pay, consumers are empowered to pay machines with ease. PayRange-enabled machines can be found across the 50 United States and throughout Canada.