Paytoo Expands Its Presence in Latin America
Paytoo expands its presence in Latin America through an alliance with XY Prepago - This will provide a unique telecommunication and mobile payment solution in Ecuador.
- (1888PressRelease) October 18, 2011 - XY Prepago (Mobile Solutions) and Paytoo® (Universal Mobile Services) reached an agreement that will allow the joint provision of telecommunications services and mobile wallet from any mobile phone in Ecuador and the world. The agreement was ratified in Miami by Santiago Arroyo, Product Innovation Manager of the G-Tel Group through its XY Prepago business unit and by Michel Poignant, CEO of Paytoo.
This alliance aims to develop mobile payment solutions and international telecommunications supported by an integrated platform of prepaid debit cards and virtual credit cards that facilitate monetary transactions and purchases reducing the cost of local and international calls in the country.
With Paytoo and XY Prepago, customers will be able to make local and international long distance calls, transfer credits, pay bills, pay merchants and check their balance and withdraw money in real-time and securely.
XY Prepago and Paytoo have worked together to offer Ecuador the first universal mobile wallet solution that brings together a complete suite of telecom services, an International GSM SIM card, used instead of the regular carrier card, which will allow the user to make calls, send SMS messages, and have access to voicemail in over 230 countries worldwide, with up to 80% savings on regular roaming tariffs. Paytoo users will be able to call other Paytoo users for free via VoIP as well as make calls via SMS callback.
"This is a great opportunity for us. Launching Paytoo in Ecuador will introduce new technology into society that will allow people to have access to a complete suite of advanced telecom services," said Fausto Valencia, CEO of XY Prepago. "Our goal is for any person to walk out of their house with only a cellphone and be able to pay bills, call anywhere in the world or top-up a cellphone anywhere in the world, and soon much more."
By getting a free Paytoo account, customers will have access to a wallet that lets them use their balance to make calls, pay for services and make purchases on-line or offline.
Paytoo has a strategic alliance with recognized international partners that allow the company to offer a pre-paid Visa card that can be used anywhere Visa is accepted as well as a virtual VISA credit card that will allow its users to be able to make purchases online and by phone at any time.
"This partnership is a great addition to our large scale expansion of international telecommunications," said Michel Poignant, CEO of Paytoo. "I'm proud to say we are accomplishing our goal of assisting mobile costumers with the convenience they seek, in tight cooperation with XY Prepago."
This system will save customers all the time they spend going to banks. It gives them access to their money easily and immediately. With Paytoo, customers can send credit or add credit via their mobile phones or the web, as well as between Paytoo accounts. They will also be able to pay all over the world through various methods like contactless stickers and barcode scan. Thanks to this innovative and strategic alliance, all this is possible while using one unified balance.
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. In 2009, Paytoo became the first mobile wallet solution to combine telecommunications and mobile payments all drawing from a single account. To learn more about Paytoo, visit http://www.paytoo.com/
About XY Prepago
XY Prepago is the technology operator of the transactional platform technology of G-Tel Group, one of the largest mobile operators in Ecuador and with regional expansion. The group has specialized for over 10 years in network development and marketing of products and services in the area of telecommunications and transactions. XY Prepago provides a comprehensive platform that supports the development of electronic commerce through a network of more than 20,000 POS, which enables integration between different prepaid service providers. For more information please visit http://www.xyprepago.com.ec
For more information about Paytoo, please contact:
Brandon Cook
Social Media Director
Paytoo
Brandon(dot)cook(at)paytoo(dot)com
For more information on XY Prepago, please contact:
Santiago Arroyo
New Project Development
XY Prepago
sarroyo(at)xyprepago(dot)com(dot)ec
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