“Paytoo’s alliance with Online Nepal Services is following through with its large-scale development by continuing to expand its horizons with exclusive technology across the globe,” said Michel Poignant, CEO of Paymotech.
Fort Lauderdale, FL (PRWEB) May 17, 2011
Paymotech, a leader in cutting-edge telecommunications and payment solutions signed an agreement with Online Nepal Services, a leading remittance company of Nepal. Together they will bring the world closer to Nepali mobile customers through a network designed to tap into upcoming markets rising towards the next millennium.
Paytoo service provides mobile customers with access to the latest mobile technology, mobile payment, mobile transfer, NFC, and POS payment through the Paytoo switch. Through their partnership with Online Nepal Services, Nepali mobile phone users will now be able to add credit instantly, inexpensively and securely to their Paytoo account at convenient retail locations throughout Nepal and abroad.
Paytoo’s rapid growth reinforces the company’s commitment to deliver brand innovation to an ever-growing mobile community. The initiative builds customer loyalty and trust in some of the world’s most competitive mobile marketplaces and establishes a promising alliance with Online Nepal Services, an easy, convenient and secure money transfer company that is vastly superior to traditional agent-dependent companies.
“Paytoo’s alliance with Online Nepal Services is following through with its large-scale development by continuing to expand its horizons with exclusive technology across the globe,” said Michel Poignant, CEO of Paymotech. “We are proud to offer to the Nepali, over 400,000 locations around the world where they will be able to make a deposit and have the ease of sending money using their mobile phone.”
Paymotech, Paytoo’s parent company intends to become the leading international mobile wallet solution offering payment services to any GSM network in the world. Paytoo is the first worldwide GSM mobile wallet that merges a complete telecom suite of services and a mobile payment solution using a unified balance.
“It’s a great opportunity for us. Launching Paytoo in Nepal will introduce a new form of money into society, electronic money,” said Ashish Shrestha, CEO of Online Nepal Services. “Our goal is for any person to be able to walk out of the house with only a cell phone and still be able to buy goods, receive remittances, pay bills, repay loans, and more.”
The exclusive partnership between Paytoo and Online Nepal Services will reduce the distance between Nepal and the Nepali communities living around the world.
“Paytoo's technology will make Nepal stand out in the current mobile money market,” said Shrestha.
Created in 1999, the Paymotech Group through its Swiss holding parent company is currently listed on the Frankfurt Stock Exchange – Deutsche Börse Group (4PA.DE). Since 2004 and with its Paytoo and Yackie Telecom divisions, Paymotech offers mobile phone solutions, VoIP, SIM cards free of roaming charges, and secured e-commerce payment transaction solutions. Paytoo, the mobile payment platform of Paymotech, is the first GSM mobile wallet solution to combine telecommunications and mobile payments all drawing from a single account. Paymotech launched its multiple mobile wallet services in 2009, making it the first company to provide telecom services combined with financial services. For more information, please visit http://paytoo.com/.
About Online Nepal Services
Online Nepal Services is an exclusive reseller in Nepal for Transfer Management System (TMS) and GlobeWire platforms for payment processing, tracking and accountability. For nearly a decade it’s been in the remittance business as a highly scalable and secure platform that’s customizable as per business or banking requirements. It offers a range of domestic and international payment solutions for corporate business and can tailor solutions, from bulk payments to payroll transactions and debit card programs. Online Nepal Services was the first remittance company to provide ATM services to its customers in Nepal where it has more than 900 stores. For more information, please visit http://onlinenepalservices.com/.
For more information about Paytoo, please contact:
Krystal Lynn Hedrick
+1 (954) 318 1240
KrystalLynn(at)paymotech(dot)com | http://www.paytoo.com