Universal Mobile Wallet for MVNO

Fort Lauderdale, FL, May 15, 2010 --(PR.com)-- Specializing in GSM telecommunications and secure payment solutions, Paymotech Group announces the launch of its Universal Mobile Wallet complete suit of services for MVNO’s.

Introduced during the MVNO World Summit in Barcelona, this breakthrough solution allows MVNO’s to maximize their revenue by embedding the Universal Mobile Wallet (Paytoo Services) into their own SIM card. Paymotech selected Oberthur Technologies, as a technical partner, based on their expertise to provide the technology embedded in the MVNO SIM card.

Now MVNO mobile users have access to the mobile wallet service natively. Using their SIM menu customers can: send credit to any other GSM user in the world with or without a Mobile wallet, pay stores, pay bills and have access to e-commerce platforms using Paytoo as a payment method. With the Mobile wallet suit of service MVNO’s can also have access to the international roaming network if needed. Paytoo also delivers more than 200 000 locations in more than 100 countries for top up and money transfer.

Paytoo Offers:

- Transfer credit all over the world with Cash in and Cash out facilities
- Worldwide top up and redeem network access
- Full E-commerce platform access with revolutionary micro-payment
- Prepaid card attached to mobile wallet using one unified balance

Michel Poignant, CEO of the Paymotech Group, states that: “Today, we are delighted to present to the MVNO market a unique opportunity for added revenue and mobile wallet solutions touching two thirds of the world’s population that uses a mobile phone and half of the population who is unbanked.”

Paytoo’s offering does not require additional infrastructure with its associated costs, it generates high revenue (ARPU) with high margins. These services not only add value to any MVNO’s campaign but also build customer loyalty and can reduce MVNO churn by providing superior services.

About Paymotech:
Founded in 1999, the Paymotech Group, through its Swiss holding company, is listed on the Frankfurt – Deutsche Börse Group (4PA.DE). Thanks to its Yackie Telecom and its PayToo divisions, the Group has, since 2004, supplied telephony products, VoIP and SIM cards without roaming charges, as well as secure e-commerce payment transactions.

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