PaynoPain partners with PayPal to introduce cashless payment at the UJI



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## PaynoPain partners with PayPal to introduce cashless payment at the UJI The UJI is the first Spanish university to apply the North American multinational system

21/12/2016 |
SCP

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As of this month, students at the Universitat Jaume I (UJI) of Castellón have a smart electronic Key Ring with which they can pay for photocopies and stationery, and can be used in the campus cafeteria without them having to pay with cash. Purchases can be made by simply moving a small key ring close to the dataphone. Purchases can be consulted from an app in mobile phones. This is the e-payment system by the Castellón espaitec-linked company [PaynoPain](https://paynopain.com/) set up this month in collaboration with the multinational PayPal.

This Key Ring is already being habitually used by 1,800 UJI students, who have received credit for the first 500 copies of this device. The system was first introduced into the photocopying system and the Café dels Sentits Cateteria on the campus with the intention of it progressively extending to different internal services and campus businesses.

This Key Ring-Wallet is recharged by a given app linked to each student’s PayPal account. PayPal technology, combined with the wearable NFC software of [easyGOband](http://easygoband.com/), guarantees students easy, swift and secure payments. Apart from consulting available funds, this app also provides a list of past operations, and automatically recharges the Key Ring when it runs out of funds with a preset amount.

The UJI is the first Spanish university in which the giant North American e-payment company applies this system together with the Castellón fintech firm PaynoPain after a lengthy period of technical and security validations. The project forms part of PayPal’s strategy to connect with Spanish university young adults public.

PaynoPain, specialised in new secure and convenient payment means, will pay the costs of the commissions on which its business model is supported in order to establish a first strategic alliance with the North American multinational company. For this Castellón-based company it is an important step towards its consolidation as a reference fintech company after achieving its small wrist strap, easyGOband, to be used for access purposes and as a form of payment in large-scale festivals, hotel resorts and large events worldwide. Among its other acknowledgements, it was recently a finalist in the South Summit fintech category.

[Further information about PaynoPain](https://paynopain.com/)

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