Paytoo Breaks Through to Entertainment Industry

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Paytoo, Paymotech’s international mobile platform continues with large-scale ecommerce development throughout Canada by partnering with Mediamatic Ventures.

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“This partnership will set the example in the media entertainment space on an international stage.”

Paymotech, a leader in cutting-edge telecommunications and payment solutions signed an agreement with Mediamatc Ventures, the 24/7 ultimate automated movie and video store.

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 its partnership with Mediamatic Ventures, non-banking customers will now be able to rent movies and videos instantly and securely using their Paytoo mobile wallet account at convenient media kiosks throughout Canada. Now a credit card is no longer needed to rent movies and videos.

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 Mediamatic Ventures.

“I’m proud to offer to non-banking people the ability to utilize Paytoo and Mediamatic services an all-in-one online merchant payment solution, it’s another example of the great companies we’re working with,” said Michel Poignant, CEO of Paymotech. “Yesterday we were only making calls, today we’re able to tap into the entertainment industry through our mobile phones, and tomorrow holds endless possibilities.”

Paymotech, Paytoo’s parent company intends to become the leading international mobile wallet solution offering payment services to any mobile network in the world. Paytoo is the first worldwide mobile wallet that merges a complete telecom suite of services and a mobile payment solution using a unified balance.

"We are excited to be working with Paytoo as it will provide great opportunities for our existing and new entertainment customers by allowing them to obtain a Paytoo-MMV account,” said Jeremy Ostrowski, CEO of Mediamatic Ventures. “This will allow them to rent or purchase media products from both our kiosks and online avenues.”

The exclusive partnership between Paytoo and Mediamatic Ventures will increase convenience for customers throughout Canada.

“This partnership will set the example in the media entertainment space on an international stage and will allow Paytoo and Mediamatic Ventures to set the trends as innovators and leaders,” said Ostrowski.

About Paymotech
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 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 Mediamatic Ventures
Mediamatic Ventures offers kiosks that utilize specialized computer software and robotic hardware to facilitate sales and rentals of various popular media types throughout Canada. Known for its kiosks being the ultimate solution for selling and renting movies and video games, the automated video stores are capable of servicing up to six customers at the same time 24 hours a day, seven days a week without personal assistance needed. The company is fast growing as a premier provider of entertainment. For more information, please visit http://www.mediamaticventures.com/.

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Krystal Lynn Hedrick
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