25 July 2016
Find out more

Ex-Google Wallet boss Bedier becomes PayRange director

22 July 2014  |  7519 views  |  1 Mobile phone turning to cash

Former Google Wallet chief Osama Bedier has turned up as a director at PayRange, a startup that builds dongles that can be attached to vending machines to enable them to accept mobile payments.

The move was revealed in SEC filings, spotted by GeekWire, that also show that the Portland-based company has raised $2.6 million in funding.

Google poached Bedier in early 2011 from PayPal to head up its efforts to break the mobile money market but he quit after two years in the job during which the operation failed to take off.

He has since kept a toe in the payments market as a director of WePay and Qiwi and an investor in Coin.

Founded by Paresh Patel, PayRange has designed a dongle that can be plugged into vending machines so that customers can make purchases through mobile apps. The dongle will begin shipping later this year, selling for $49 with the company also taking a 3.95% slice of transactions.
KeywordsEFTPOSPEOPLE

Comments: (1)

Alexander Peschkoff
Alexander Peschkoff - TEDIPAY - London | 22 July, 2014, 12:24

Their dongle is unlikely to include GSM function (it's hard to get a decent signal strength inside a vending machine without an external antenna).

Most likely, they use Bluetooth or WiFi Direct and do all the processing in the cloud. That means they rely on the Net connection. I am not sure about the US, but in the UK most vending machines are located in "hard to reach" places with poor GSM reception.

Other than that, it's a cool concept (if they know how to target that fragmented market).

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Google Wallet chief Bedier quits

Google Wallet chief Bedier quits

09 May 2013  |  8550 views  |  1 comments | 16 tweets | 5 linkedin
PayPal sues Google and Bedier over m-payment trade secrets

PayPal sues Google and Bedier over m-payment trade secrets

27 May 2011  |  11948 views  |  1 comments
Google poaches PayPal's Bedier

Google poaches PayPal's Bedier

27 January 2011  |  10579 views  |  0 comments
US firm pilots biometric vending machines

US firm pilots biometric vending machines

12 August 2010  |  7783 views  |  0 comments
European Vending Association makes contactless payments push

European Vending Association makes contactless payments push

27 October 2009  |  6711 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
Visit VocaLink.comFind out moreVisit www.abe-eba.eu

Top topics

Most viewed Most shared
MasterCard agrees £700m VocaLink acquisitionMasterCard agrees £700m VocaLink acqu...
8864 views 14 comments | 32 tweets | 37 linkedin
satelliteContactless Bitcoin startup Plutus Tap &am...
8664 views comments | 8 tweets | 3 linkedin
hands typing furiouslyWhat Every FinTech CEO Should Know About R...
8434 views 0 | 15 tweets | 8 linkedin
hands typing furiouslyBanking on IoT: Security in the Internet o...
8140 views 3 | 20 tweets | 7 linkedin
Santander doubles down on fintech fundSantander doubles down on fintech fund
7780 views comments | 22 tweets | 28 linkedin

Featured job


Brussels (Belgium) or Paris (France)

Find your next job