PAYTOO Corp. and Bancservices International partner to offer a unique remittance solution.
Fort Lauderdale, FL, October 7, 2014, PAYTOO® entered into an agreement with Bancservices International, LLC to use Bancservices International’s trademark BANCwire® product as a distribution partner for those mobile wallet customers wishing to send remittances for physical distribution.
This partnership, which combines PAYTOO®’s mobile wallet services solution with BANCwire®’s remittance payout distribution network, will give mobile wallet customers the ability to send remittances to over 100 countries and add cash payouts and bank account deposits as a delivery method.
“We are very happy to see one year’s worth of work coming to fruition and to provide the usage of our platform to the Latin American market, through this partnership. This is the first of several agreements involving PAYTOO® with remittance partners.” says Michel Poignant, CEO of PAYTOO® Corp.
“We are excited to be able to have our payout network to over 100 countries as an option to mobile wallet users and be on the forefront as mobile wallet adoption continues to grow.” say Glenn Ault, CEO of Bancservices International, LLC.
This agreement will be signed during the International Money Transfer Conference -IMTC, which be held from October 6th to October 9th at the Eden Roc Hotel in Miami.
About PAYTOO®: PAYTOO® is a brand of PAYTOO Corp., a US organization founded in 1999 which has offered mobile phone solutions, VoIP, prepaid cards, and secured e-commerce payment transaction solutions as early as 2004. After five years of development, PAYTOO® launched the first mobile solution to combine telecommunications and payments into one single account. This global platform is called the PAYTOO Mobile Wallet™. This Mobile Wallet is an electronic account and a substitute or alternative to a bank account in which consumers securely store their money and get to spend it, however and wherever they want, without the need of a bank account or prepaid debit card.
To learn more about the PAYTOO® secured account and the other mobile financial products offered by PAYTOO Corp., visit us at http://www.paytoo.com or follow us on Twitter @Paytoo.
Media Relations: Deborah Accos, (954) 414-9623 / email@example.com
About BANCServices International: Bancservices International LLC is a wholesale provider of a multifaceted, multidirectional, ubiquitous payment product fully compliant with all US regulations, offered on a white label basis to financial institutions through its BANCwire® brand. Its closed-loop international remittance platform offers secure international money transfers to over 100 countries worldwide, and through collaboration with a variety of organizations, including technology companies, mobile carriers, non-government organizations, and members of the public sector. Bancservices International, LLC has developed products and services that strengthen and expand the reach of retail financial services in both the US and developing countries.
To learn more about the products and services offered by BANCwire®, visit us at http://www.bancwire.org.