PayRange Licenses Mobile Payment Technology to Electrolux Professional for Global Laundry Equipment

PayRange Inc. has secured a strategic licensing agreement with Electrolux Professional to integrate its patented mobile payment technology directly into commercial laundry equipment. For fintech professionals, this move signals a significant expansion of embedded mobile payments into the unattended retail sector, removing the hardware friction of physical card readers and coin mechanisms in high-traffic environments.

What was announced

The agreement centers on the integration of PayRange’s mobile payment intellectual property into the Electrolux Professional product line. This partnership is designed to provide a smartphone-based payment experience for users of professional laundry solutions, specifically targeting environments where traditional connectivity may be unreliable. By embedding this technology, Electrolux Professional enables its customers to bypass the installation of physical coin slides or external card readers on individual machines.

The technology is engineered to function in locations with limited or no cellular connectivity, a common challenge for laundry rooms situated in basements or the interior of large buildings. This makes the solution particularly suitable for multi-housing units, hotels, and traditional laundromats. For operators, the shift to a digital-first payment model is intended to drive operational efficiency and lower the long-term maintenance costs associated with mechanical coin collection and hardware wear-and-tear.

Through this integration, Electrolux Professional customers gain immediate access to the established PayRange network. This ecosystem currently serves millions of active users across North America, providing a ready-made platform for user engagement and loyalty programs via the PayRange mobile application. The partnership effectively transforms standard laundry hardware into connected, commerce-ready devices without requiring the operator to manage complex network infrastructure.

"The partnership allows Electrolux Professional to offer its customers a seamless, smartphone-based payment experience, eliminating the need for physical coins or card readers on individual machines. By leveraging PayRange's technology, laundry operators can benefit from increased efficiency, reduced maintenance costs, and enhanced user engagement through the PayRange mobile app."

PayRange Inc.

The companies involved

PayRange Inc. has established itself as a prominent provider of mobile payment solutions specifically tailored for the unattended retail market. The company’s core value proposition lies in its ability to retrofit or embed low-energy Bluetooth payment technology into machines that traditionally rely on cash, such as vending machines, car washes, and laundry equipment. By focusing on the "last inch" of the transaction, PayRange has built a substantial footprint across North America, connecting millions of consumers to machines that previously lacked digital payment capabilities.

Electrolux Professional is a leading global provider of commercial laundry, food service, and beverage solutions. The company serves a diverse range of professional segments, including the hospitality industry and specialized laundry operators. As a major player in the commercial equipment space, Electrolux Professional focuses on delivering high-performance hardware that emphasizes sustainability and efficiency. This licensing agreement represents a digital evolution for the firm, moving beyond hardware manufacturing into the provision of integrated software and payment services to meet the changing expectations of modern consumers who increasingly prefer mobile-first interactions.

What this means

This deal is a clear indicator that the "unattended" sector is moving away from bolt-on payment hardware toward native, embedded digital solutions. By licensing PayRange’s technology, Electrolux Professional is effectively future-proofing its hardware against the decline of cash and the high failure rates of external card readers. This puts pressure on smaller equipment manufacturers who still rely on third-party peripherals to provide digital access. The most critical factor to watch next is the adoption rate among multi-housing property managers; if they embrace this coinless model, it could trigger a rapid consolidation of payment standards across the entire commercial laundry landscape.