Paytoo Selected As the 2011 Winner of IAMTN's Money Transfer Award for the Americas

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Move over, Cupertino, Mountain View and Palo Alto. Paytoo, an innovative tech company in South Florida, is gaining worldwide recognition for its universal mobile wallet solution.

The Paytoo team is incredibly appreciative and proud to be recognized as the Americas’ best money transfer company by IAMTN,” said Michel Poignant. “This award is validation for us that the services we offer make a real difference to millions of users

Paytoo is honored to announce that it has been voted the top money transfer company for the Americas in 2011 by the International Association of Money Transfer Networks (IAMTN). Simon Holbrook, Chief Marketing Officer of Paytoo, accepted this prestigious award on behalf of Michel Poignant, CEO, and the Paytoo team at the Global Money Transfer Summit, which took place at London’s Hilton Hotel on Park Lane yesterday.

In 2009, Paytoo became the first universal mobile wallet solution to present customers with a single account that combines mobile payment capabilities and telecom services. “Paytoo’s reliable, patented technology allows for services that are convenient and easily adaptable to the specific needs of customers in countries all over the world,” said Cedric Mayol, Chief Technology Officer and architect of the Paytoo system.

Now available in 60,000 US locations and over 500,000 worldwide, customers using Paytoo’s extensive mobile payment solution can add credit to their accounts; make worldwide real time money transfers (multi-currency) for free; redeem funds securely and instantaneously at more than one million ATMs and Paytoo locations; and make purchases online and from retail merchants with their Paytoo’s account or by using our virtual Visa card or prepaid visa debit card. Paytoo’s wide-ranging telecom solution allows domestic and international customers to use the available credit in their accounts to place free international calls to other Paytoo customers by way of VoIP and SMS Callback; top up families’ and friends’ cellphones in more than 80 countries to over 185 mobile telecom providers; and avoid roaming charges with its international GSM SIM cards when traveling.

In the last few weeks, Paytoo has formed several strategic partnerships, which bring its much-needed services to millions of Latin American customers who can now remit funds for free and reduce their telecom costs drastically.

“The Paytoo team is incredibly appreciative and proud to be recognized as the Americas’ best money transfer company by IAMTN,” said Michel Poignant. “This award is validation for us that the services we offer make a real difference to millions of otherwise-neglected, unbanked consumers.”

The future appears to be bright for Paytoo, as it has already begun to deliver its unique services to consumers in various African markets and plans to enter Asia very soon.

To learn more about the IAMTN and the 2011 Global Money Transfer Summit, please visit http://www.iamtn.org/

About Paytoo
Paytoo is a registered brand of Paymotech Group, which was formed in 1999 through its Swiss Holding parent company, Deutsche Börse Group (4PA.F) and is currently listed on the Frankfurt Stock Market. Since 2004, Paymotech (and its Paytoo Mobile and Yackie Telecom divisions) offers mobile phone solutions, VoIP, SIM cards free of roaming charges and secured e-commerce payment transactions solutions. In 2009, Paytoo became the first mobile wallet solution to combine telecommunications and mobile payments all drawing from a single account.

To learn more about Paytoo, visit http://www.paytoo.com/ and follow us at http://www.facebook.com/paytoo/ and http://www.twitter.com/paytoo/

For more information about Paytoo, please contact:
Brandon Cook
Social Media Director
Paymotech Group
brandon.cook(at)paytoo(dot)com

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