Paytoo’s solution offering of a secured universal payment solution adopted worldwide represents a breakthrough for users while processed within the framework and constraints of the regulated banking industry. All transactions are managed through the banking system with established anti-money laundering (AML) policies under the direction of federal laws and statutes.
Paytoo uses the mobile wallet platform to send money to its users, Paytoo handles the loading and authorization process, and provides settlement and authentication support. Each wallet can have attached a Pre Paid card or contactless sticker.
A recent survey conducted by Edgar Dunn & Company and the GSM Association (GSMA) predicts that, given an improved regulatory environment, in 2012 7% of the subscriber base in developed countries and 4% in developing countries will initiate at least one cross-border remittance. This equates to just over 248 million consumers in 2012 using mobile money transfer services.

The Paytoo service is a virtual wallet that turns real cash into virtual cash. This will provide mobile users not only the ability to make phone calls in nearly every country, but also to use their cell phone as a wireless wallet. With a mobile phone and a PayToo account, customers can send and receive money, make purchases, and direct payments. The technology has been designed to meet banking based standards for maximum security. Already popular in Japan, the mobile wallet will become the standard payment solution of the future.

Paytoo Process


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Paytoo is specifically designed to meet a unique need:
  • Where consumer spending is primarily cash-based.
  • Where consumers or small merchants do not have any banking relationship.
Payments are safe and secure
  • Authenticated with AES encryption and SHA1-HMAC, transactions are sent by the user’s device with payment instructions
  • Including payer’s account identifier, recipient account identifier and transaction amount.
  • Verification is sent to payment recipients’ bank as determined by recipient’s account identifier.
  • Settlements are performed by using traditional methods.
Loading your Paytoo Mobile Wallet
  • Loading your mobile wallet is made via purchasing Paytoo prepaid calling card at designated vendors, wire transfers from a bank account, visiting a WTC worldwide top up location or one of the 400 000 Paytoo's approved ones with cash, using Debit or Credit card or a Demand Deposit Account (DDA).
Remittance process is performed by:
  • Money Transfer from account to account.
  • Website providing money transfer from a prepaid debit or credit card.