Cupertino, Mountain View and Palo Alto, Paytoo is proud to show you what it developed in Fort Lauderdale, Florida
Paytoo is proud to announce its complete state-of-the-art multi-currency mobile payment platform, the latest evolution of its mobile payment suite.
- (1888PressRelease) August 26, 2011 - Fort Lauderdale, FL - Paytoo is the first worldwide mobile wallet that merges a complete telecom suite of services and a mobile payment solution using a unified balance on a progressive multi-currency platform.
In line with the strategy of building its brand in an ambitious and innovative manner, Paytoo has opened the door to an unbeaten international, mobile multi-currency transfers and payments solution in a safe and fully secure environment thanks to LiveEnsure™ from Palm Tree Technology. With Paytoo, a mobile phone is no longer just for phone calls. Now users can complete a mobile money transfer to anyone around the world in real time, make mobile payments when shopping online and top up prepaid accounts on more than 185 mobile operators in over 85 countries. They can access their funds by withdrawing cash at Paytoo locations or by transferring funds directly from their Paytoo account to either a personal bank account or credit card, and eventually to their Patio virtual as well.
According to Michel Poignant, CEO and Founder of Paytoo, he and his team have created the ultimate convenient and comprehensive solution for today's unbanked population. Real-time transactions can be made from virtually anywhere in the world. Users can transfer funds from Ecuador to Nepal and all points in between. For the daily needs of the unbanked population, Paytoo's system is more efficient than any other solution in the current marketplace.
Paytoo is also a contactless payment system available with a full suite of integrated services. Included is a Wireless POS usable worldwide with the Paytoo SIM card. It operates through the USSD network and offers a cost-efficient payment solution for the unbanked population. The suite is compatible with any operating system, mobile operator and handset. Paytoo has separated itself from the competition by providing a solution and turnkey services to its partners.
Paytoo's rapid growth reinforces the company's commitment to deliver brand innovation to an ever-growing mobile community. Many companies are starting to develop mobile wallets, and others provide telecom services, but none of them combine the two like Paytoo does. Paytoo has already expanded to 60,000 US locations and over 400,000 worldwide that accept cash deposits. Paytoo most recently expanded through partnerships in Ecuador, Argentina, Paraguay, and Mexico. The next step is to open the Asian market.
About Paymotech: The Paymotech Group was formed in 1999 through its Swiss Holding parent Company, Deutsche Börse Group (4PA.DE) and is currently listed on the Frankfurt Stock Market. Since 2004, Paymotech (and its Paytoo Mobile and Yackie Telecom divisions) offers mobile phone solutions, VoIP, SIM cards free of roaming charges and secured e-commerce payment transactions solutions. Paytoo, the mobile payment platform of Paymotech, is the first mobile wallet solution to combine telecommunications and mobile payments all drawing from a single account. Paymotech launched its multiple mobile wallet services in 2009, making it the first company to provide telecom services combined with financial services. For more information, please visit paytoo.com.
If you'd like more information or would like to set up an interview, please call Michelle Castiglia at +1 (954) 318-1240 or send a e-mail to m.castiglia ( @ ) paytoo dot com