Paytoo Mobile Wallet Platform Debuts in the U.S. Market

Paymotech, a leader in cutting-edge telecommunications and mobile payment solutions and a provider of Top-Up or instant account refills for international prepaid mobile phone users, has signed an agreement with Prepay Nation that will make Paytoo's mobile money solution accessible through Prepay Nation's extensive retail distribution network.

The Paytoo service provides users with the ability to store money in mobile wallet accounts and to transfer money internationally through the Paytoo Network. Through their partnership with Prepay Nation, Paytoo will allow mobile phone users to add credit instantly, inexpensively and securely to their Paytoo account at convenient retail locations throughout North America.

The initial alliance is focused on those Paytoo clients within the United States sending money to the South American and Asian markets. Additional countries will be added to the network toward the end of 2011, including countries in Africa.

Paymotech, Paytoo's parent company intends to become the leading international mobile wallet solution offering payment services to any GSM network in the world.

"We are delighted to be partnering with Paymotech," said Jessica Bishop, Prepay Nation's Vice President of Business Development. "Their in a class by itself solution to help address the needs of mobile phone users-from those who travel a lot to those who don't have a bank account-fits perfectly with our existing portfolio of services. The expansion into using our platform and network for mobile money processing is a natural evolution for us."