Cannabis Marketing Retail Technology

KIND launches first closed-loop cannabis payment app

Photo provided by iStock

Los Angeles-based KIND Financial, a regulatory technology company has launched its mobile app, KindPay, powered by Herring Bank. The app is a closed-loop payment system that will give cannabis retailers and dispensaries access to commercial bank accounts. For merchants without the necessary processing device, KIND will provide it, according to a press release.

“The development and launch of KindPay has been long-awaited by the cannabis industry,” David Dinenberg, KIND Financial founder said in the release, “This new app will allow dispensaries, growers and consumers alike to transact transparently and safely. Also, due to the pandemic, contactless and cashless transactions have become safer ways to pay.”

To Read The Rest Of This Article By Staff on Mobile Payments Today

Published: November 23, 2020

SHARE
RELATED POSTS
What it’s like to deliver weed in a pandemic
Black Business Month Alert: Bliss MoleculesⓇ Launches “Farm to Face” CBD Cosmetics Venture
Grenco Science Launches the Cookies Hemp CBD G Pen Gio, The Best New CBD Vaporizer for an Authentic and Intuitive Experience

Leave Your Reply

*