Paytoo has announced the addition of a multi-currency mobile payment platform to its SIM-based mobile wallet.
According to Paytoo, the company’s mobile wallet service now supports international, mobile multi-currency transfers across the globe in real time, as well as online mobile payments and prepaid account top up through 185 mobile operators in 85 countries.
“Real-time transactions can be made from virtually anywhere in the world,” said the company in a release. “Users can transfer funds from Ecuador to Nepal and all points in between. For the daily needs of the unbanked population, Paytoo’s system is more efficient than any other solution in the current marketplace.”
Paytoo operates through the USSD network and is compatible with any operating system, mobile operator and handset, according to the company.
The solution is currently available in 60,000 US locations and over 400,000 worldwide that accept cash deposits – most recently in Ecuador, Argentina, Paraguay, and Mexico.