PAYTOO strives to accommodate the unbanked and under banked population in all aspects of the mobile wallet that is provided to our customers. The PAYTOO Mobile Wallet™ is a one stop shop for our users and part of what is offered is PAYTOO Direct. This allows users to directly deposit their paychecks into their mobile wallet. With this users can use their money in their mobile wallet however they choose. This feature gives the benefit of having a bank account without all of the extra fees and security risks. According to a recent gallup poll, about 72% of Americans have little to no confidence in the banking industry since the 2008 financial crisis. Around the world there are other varied reasons as to why people rarely use banks or have bank accounts. PAYTOO was able to create a system that helped to bridge the gap between the unbanked and underbanked population and their employers.
Receiving paper checks can be time consuming with worrying about if it will arrive on time, going to cash it and paying a fee, as well as worrying about paying other fees to send money to family or friends. PAYTOO Direct eliminates all of the hassle of a paper check with the added benefit of not needing to open a bank account to do so. To learn more visit us at http://www.paytoo.com