About Paytoo Trends and positioning Paytoo is a Brand of Pay Mobile Technologies Inc, a US Corporation formed in 1999. 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. After four years in development, Paymotech introduced Paytoo Mobile, a global platform that is the first mobile wallet solution to combine telecommunications and mobile payments, all drawing from a single account. Renowned in the U.S. market with Yackie Telecom Inc., the Paymotech Group launched its “Three in One” service in 2006, making it the first MVNO to provide VoIP services, a prepaid phone card and a SIM card that could be used in over 200 countries. It also offered customers the option of having multiple local numbers from thirty-five different countries. Today, the Paymotech Group has extended its offering and has revolutionized the way we communicate through its mobile wallet. With Paytoo Mobile, customers use their available credit to make and receive calls, make payments, transfer credit and withdraw money worldwide, securely and in real time. By responding to market demands, the Paymotech Group offers a unique and unparalleled service through a reliable technology and a solid business model. The company strategy is to become a key player in telecommunications and financial services by developing two essential components:
Paytoo Mobile, the group’s two divisions merging Paytoo Mobile is the first global Mobile Wallet combining a complete suite of telecom services and payment solutions within a unique interface. Through its two divisions:
With the help of its two divisions, the Paymotech Group developed “Paytoo Mobile,” an innovative service that combines a mobile platform and a secured payment solution available worldwide. Paytoo Mobile’s concept is to offer a variety of payment tools using a mobile phone all within an interface. The many benefits range from paying for an item using the contactless payment feature or barcode, to disbursing employee salaries within an enterprise. The mobile wallet applications prove to be beneficial for individual’s daily dealings and structured organizations. It also functions for merchants and entrepreneurs, whether they be more traditional or e-business. The system provides a full proof disbursement method that is instantaneous, convenient and economical. Merchants can be paid via multiple channels including, but not limited to plastic (magnetic card), barcode, contactless and/or secured SMS payment. Paytoo Mobile and the revolution of mobile payments The Paymotech Group is the first to offer an e-Wallet with universal mobile capabilities. This represents another milestone in the telecommunications industry and in the field of mobile payment. The end user now has access to international money transfers from a simple piece of equipment, a mobile phone. Paytoo Mobile’s mission is to provide a low-cost, high quality telecommunications service that facilitates payments and transfers anytime, anywhere. Paytoo Mobile also offers great freedom with no connection fees or binding contracts. Paytoo selected as the 2011 winner of the Money Transfer Award for the Americas by the International Association of Money Transfer Network. |
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