Earlier this week, cash-payment platform PayNearMe partnered with property management software company, AppFolio, to allow tenants to pay their rent in cash.

AppFolio's software will provide another payment option for unbanked, underbanked, and cash-preferred individuals to pay rent online with cash by using a printed bar code or a bar code on their smartphone that they can take into a local, brick-and-mortar 7-Eleven store.

According to CEO Danny Shader, 20% of rent payments are made using cash or money order, so this was a logical move for the California-based company.

To learn more about PayNearMe, watch its FinovateFall 2011 demo.