Free Loan-Repayment Processing for Grameen America Members
Grameen America and PayNearMe, an electronic cash transaction network, today announced implementation of PayNearMe as a free new loan repayment option for Grameen America's borrowers. After a successful launch in Charlotte, North Carolina, Grameen America will now roll out the electronic cash transaction network in branches across the country beginning with Oakland, California and Brooklyn, New York. "This innovative partnership is a remarkable advancement for our program that benefits our borrowers and staff alike," said Andrea Jung, Grameen America's president and CEO. "PayNearMe has made the payment collection process easier and more efficient. PayNearMe's cutting-edge technology allows us to expand opportunities and extend access to financial services to thousands of aspiring entrepreneurs from New York to California." Read the press release here.