PayToo Mobile Wallet

Paytoo Successfully Continues its Expansion in Latin America

As posted on Yahoo! News this morning:

Fort Lauderdale, FL (PRWEB) October 20, 2011

Aptosolutions (a leading provider in IT and Mobile Solutions) and Paytoo (the pioneer in universal mobile wallet services) reached an agreement that will allow the joint provision of mobile wallet and telecommunications services from any mobile phone in Argentina and the Mercosur region. The agreement was ratified in Argentina by Walter Arneson, CEO of Aptosolutions and by Michel Poignant, CEO of Paytoo.

This alliance aims to develop mobile payment solutions and international telecommunications supported by an integrated platform of telecommunications, mobile transfer, mobile payment, top up and prepaid debit cards that facilitate monetary transactions and purchases. As a result, the cost of local and international calls in the region will be reduced.

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Paytoo Social Media Director Response to Square COO Stance on NFC

Originally posted on TMCnet - September 29, 2011

We at Paytoo agree with Keith Rabois’ stance on NFC (Near Field Communications) in his recent interview with GigaOM founder, Om Malik. In addition to Mr. Rabois’ many reasons why NFC will not work, we believe NFC’s feasibility issues begin with the business model and proposed allocation of profits. Too many players would have to get involved, including, but not limited to banks, telecom providers, network operators and handset manufacturers. 

Distributing profits amongst all these players and keeping everybody satisfied would be extremely complicated. Sure, there are many big name companies that have already invested in NFC technology and implementation, but they are largely underestimating the amount of change that would have to occur for NFC to succeed – behind the scenes and in the marketplace. 

 

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