Paymotech, a global leader in telecommunication and mobile payment solutions, signed an agreement with Boundless Payment Solutions and Mi Adelanto Corporativo, a Mexican consumer credit company, to deploy its Paytoo mobile payment service into the Mexican market.
The Paytoo mobile wallet brings low cost, efficient and secure banking services to the masses. Thanks to this alliance, the people of Mexico and their family members abroad will now have a new level of mobile banking services.
"After Argentina and Ecuador it is now time for Mexico. This partnership is a great addition to our large international expansion plans, and solidifies the company's presence in the Americas," said Michel Poignant, CEO of Paymotech, in a statement.
"I'm proud to say that with the cooperation of Boundless Payment Solutions and Mi Adelanto Corporativo, we are accomplishing our goal of assisting Mexican mobile customers with the financial convenience and independence they seek," said Poignant.
"It's a great opportunity for us. Launching Paytoo in Mexico and introducing a new technology into society will allow people to have access to a complete suite of advanced financial and telecom services as long as they have a mobile phone," said Gil Hooper, managing director of Boundless Payment Solutions.
According to Hooper, the company’s goal is for any person to walk out of their house with only a cell phone and be able to pay bills, call anywhere in the world or top-up a cell phone and much more.
"Through this agreement we will benefit hundreds of thousands of Mexicans who will have access to the simplest and most secure mobile technology to meet their daily financial needs through their phone," said Bonilla.
Jaime A. Barbosa, project development manager for Paymotech said that the Paytoo Mobile wallet saves the customers the time spent in going to a bank and gives access to their money immediately, quickly and easily.
With Paytoo they can send credit or add credit via their mobile phone or via the web, as well as between Paytoo accounts. Customers are even able to use their mobile phone to pay all over the world. Anil Sharma is a contributing editor for TMCnet. To read more of his articles, please visit his columnist page.
Edited by Amanda Ciccatelli