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    Paymotech launches prepaid ‘universal mobile wallet’

    The international prepaid roaming card specialist’s customers can now use the funds stored in their account to pay for calls, to make transfers and cash withdrawals and to pay online and in store via a bank card, barcode, secure SMS or a mobile contactless sticker.

    PREPAID: Paytoo's universal wallet solution includes a contactless sticker option

    PREPAID: Paytoo's universal wallet solution includes a contactless sticker option

    Paymotech, a leading provider of international prepaid roaming SIM cards, has launched PayToo Mobile, a universal mobile wallet which lets customers use one prepaid balance to pay for calls, to make transfers and cash withdrawals and to pay online and in store via a bank card, barcode, secure SMS or a mobile contactless sticker.

    PayToo Mobile “integrates, for the first time, all telecommunication and payment services which are presently available on the market: SIM card without roaming charges, VOIP account, calling card, additional numbers attached to the account in more than 35 countries… and financial services providing for the transfer of credit all around the world, to pay on line or pay stores directly using several means: Bank card, barcode, secure SMS, vocal server or even payment sticker without contact (NFC),” says the company.

    PAYTOO: Paymotech's video shows the contactless sticker just after 1m30

    “This worldwide innovation will allow the targeted market of ‘roamers’, travellers and people without bank accounts to take advantage of a service which will allow them to save up to 80% on phone calls and financial services,” says Paymotech. “Moreover, PayToo Mobile has the benefit of the world’s widest distribution network and is available in more than 200 countries, thanks to more than 450 roaming agreements and over 400,000 recharging stations.”

    PayToo can also be used by merchants to accept payments from customers using their mobile phone as the payments acceptance device.

    “This solution will cater to a group of prepaid users around the world who do not necessarily have access to payment and transfer solutions which fit in with their pricing requirements,” says Michel Poignant, CEO at the Paymotech Group. “Our approach was to develop a technology on the basis of the demand and not the contrary.”

    “I think that with this innovation, we have come as close as possible to the equitable savings which are required to build durable economies,” he added.

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