About Paytoo

Group Paymotech, trends and positioning

Created in 1999, the Paymotech Group through its Swiss Holding Parent Company, is currently listed on the Frankfurt Stock Market – Deutsche Börse Group (4PA.DE). Since 2004 and with its divisions Paytoo Mobile and Yackie Telecom, the Group offers Mobile Phone solutions, VoIP, SIM cards free of roaming charges and secured e-commerce payment transactions solutions.

After four years in development, the Paymotech Group is ready to introduce its global platform. Paytoo Mobile is the first GSM 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 GSM SIM card that could be used in over 200 countries. As sole provider on the market, it offered customers the option of 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 calls, effect payments, transfer and withdraw money worldwide, in a secured fashion 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:

  • Provide the first Real Service Solution that combines in one account all telecommunication services and a Mobile Wallet.
  • Offer a full range of services targeting mobile users worldwide.

Paytoo Mobile, the group’s two divisions merging result

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:

  • Yackie Telecom, founded in 2004 with an Operator’s License, Yackie specializes in international mobile telecommunications. The division develops innovative techniques on an ongoing basis in order to further service, quality and ease of use through the modern means of telecommunication.
  • Paytoo, created in 2007 this division specializes in virtual means of payment and credit transfer. It is leading the technology and ready to respond in a timely manner to the evolving and growing market demands.

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 benefits are many, ranging from paying for a croissant 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.

For merchants and entrepreneurs ranging from e-business to the more traditional. The system provides a full proof disbursement method that is instantaneous, convenient and economical. Merchants can be paid on thevia multiple channels going from plastic (magnetic card), barcode, contactless and/or secured SMS payment.

Paytoo Mobile or 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 telecommunications service with no compromise for quality which facilitates payments and transfers anytime, anywhere.

Paytoo Mobile also offers great freedom with no connection fees or binding contracts.