Aeropay, a digital payments provider for the cannabis industry, and Flyhi, an on-demand home delivery service for recreational cannabis, announced a strategic partnership bringing contactless, cashless cannabis delivery payments to businesses and consumers in Denver, Colorado.
The partnership includes integration of Aeropay's digital and compliant payment solutions into Flyhi's on-demand home delivery service.
Through this integration, customers using Flyhi.com can pre-pay for products online at the time of checkout for home delivery orders. Payments will be facilitated through secure bank-to-bank transfers, and customers ordering through Flyhi now have the option to pay with Aeropay at checkout. For first-time Aeropay users, the sign-up process is two steps – customers create an Aeropay account and link their bank. Returning users can complete purchases with a single click.
For business owners, taking traditional card payments isn't possible while cannabis remains illegal at the federal level, and most major banks have stayed away from working with the cannabis industry. Businesses and customers are forced to make predominantly cash transactions, but sales trends show that 51% of customers prefer to make contactless, secure payments for goods and services. Aeropay's compliant digital payments offer a safe, simple, and streamlined way for customers to pay for premium cannabis delivery service.
While this integration focuses on improving the delivery and consumer experience, Aeropay and Flyhi also provide B2B solutions for the cannabis industry. The companies have plans to streamline the cannabis experience in other parts of the supply chain while lowering the volume of cash and enabling more digital payments.