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Originally Posted by andy
Bear in mind this is a forum about mobile phone SIM cards, not financial products
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Paytoo is seeming to combine the two things in a large way. I am not sure I can quite wrap my brain around all that they are trying to combine. a prepaid balance on a SIM card is in some sense financial--look at everyone who has gotten burned. I think many of us will shy far away from any company that combines large balances with a SIM card. Are fingers are fried.
From their website:
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Paytoo Mobile is the first Worldwide GSM Mobile Wallet that merges a complete Telecom Suite of Services and a Mobile Payment Solution using a unified balance. Start using your available credit to call, transfer, pay and redeem throughout the world in a secured fashion and in real time.
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What that all means: I am not sure. The phrase "unified balance" scares me.