In 2018, the GFA Federal Credit Union said it would serve Massachusetts marijuana companies, announced a new partnership this week with the cannabis payment processor to Hypur to bring digital payment options to MJ retailers in the state. This decision is another great example of the slow but steady process the cannabis industry is making with financial institutions. According to Benzinga, the goal is to allow for digital, contactless payment options for in-store purchases as well as through curbside pickup and delivery in order to provide more protection for both customers and staffers during the ongoing coronavirus pandemic. Earlier this year, Arizona-based Hypur performed contactless payment options for California retailer Caliva and the online marketplace Dutchie. Hypur’s chief revenue officer, Tyler Beuerlein, told Benzinga, “Digital payment solutions like Hypur Pay are now essential to helping cannabis businesses thrive and empowering cannabis consumers to buy products when and how they want to, just as they would for any other purchase.”

SpeedWeed, 09/03/2020 21:15:03

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