Cash-based mobile payments solution, Wipit, announced today that it has partnered with Punchcard, a local shopping app through which users can earn rewards.

Wipit will enable businesses using Punchcard to accept cash payments and will allow mobile consumers toreceive loyalty rewards and make in-app or online purchases using cash.

Richard Kang, Wipit CEO, hopes the partnership will introduce new ways for businesses to engage with Wipit users.

To learn more about Wipit, watch its FinovateSpring 2012 demo.