Paying bills is tough if you don't have a bank account, and roughly 1/3rd of Americans are underserved by the US financial services industry.

Enter Tio Networks (TSXV:TNC), a Vancouver-based small-cap fintech company with more than 65,000 walk in bill payment services and kiosks across North America, and some of the largest wireless and utility companies in the US as customers. Last year, Tio's network helped process over $9 billion in bill payment transactions. This year, the company is on track to generate revenues of over $100 million.

"People have been predicting the demise of cash for decades," said Tio Networks CEO Hamed Shahbazi, who founded Tio in 1997, in a new interview with www.0and1media.com's Katya Pinkowski published on Youtube Thursday. 

"Cash has a lot of enduring benefits. No transaction fees. 100% anonymous. Completely ubiquitous, everyone accepts it. No one has really found anything that is able to provide those same benefits," Shahbazi said.

Pardeep Sangha, Technology Analyst at Haywood Securities, has a Buy rating and $3 price target on Tio Networks (TPC-V). Sandha likes Tio's technology, customers, and ability to deliver synergistic acquisitions. But most of all, Sangha is a fan of Tio's management:

"Hamed Shahbazi, who’s been CEO of the company for over 16 years, he’s really been passionate about the idea, he’s been driven, very persistent. At the end of the day, the company has shifted models, business plans, markets, and ultimately the company has found a niche market in terms of payment processing and has become a leader in that market."

Shahbazi wants Tio to continue to served the underserved-- "the unbanked, the underbanked, and the unhappily banked," and plans to grow the company through new products and in new regions.

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