News Summary

• PayMore, which began selling franchises in 2020, has seen a 500% increase in its store count over the past two years.
• An additional 50 stores are scheduled to open by the end of this year, and PayMore has development deals in place for 640 additional stores within five years, 460 in this country and 180 overseas.
• The company has built a business that is attractive to franchisees, with proprietary tech that lets store owners quickly know what to pay for items, and makes online resale easy.