Paytoo mobile Sim Card

[YackieMobile]

The concept here is not to only offer a prepaid MC to the client, as we are in the prepaid world, as we have half of the world unbanked, but 5 Billion GSM users, we offer a full suite of products who merge the Telecom and the financials services.

It's because we have been developped since few years...

Out top up network, we offer now around 200 000 locatiosn worldwide when you can do a cash in and a cash out from your Paytoo Mobile account

Exemple, deposit made in USA, transfered from your Paytoo to the receiver paytoo and redeemed to the Chinese post office.....

We offer also a Prepaid Mastercard using and sharing your telecom Balance ( Patented Paytoo mobile )

We offer to the user to pay online by using his credit availlable on his paytoo mobile account

all of these services are availlable separatly or all together....

( for the Backbone, it's Vodaphone ......)

[VladS]

I wonder how long before the system falls under the scrutiny of the anti money laundering watchdogs. Offering financial transactions 'on behalf of a third party' at a corner convenience store can be tricky...

[petkow]

Originally Posted by VladS

I wonder how long before the system falls under the scrutiny of the anti money laundering watchdogs. Offering financial transactions 'on behalf of a third party' at a corner convenience store can be tricky...

Good point! I suppose these sort of services are regulated like Moneygram or Western Union or other favourites of our Nigerian friends.

@YackieMobile... Thanks for your reply, but you are rather good at not answering any questions or points raised in earlier posts such as by FBlack_111 and myself. What exactly are the fees associated with using the Mastercard? Are the terms available to see on your website? I cannot seem to find them.

[VladS]

Originally Posted by petkow

Good point! I suppose these sort of services are regulated like Moneygram or Western Union or other favourites of our Nigerian friends.

There's one major difference... Both Western Union and Moneygram are licensed in each and every country (in the US and Canada at the state/province level) they operate in. They require the sender to fill out a form with the sender's and recipient’s info and they also require both senders and recipients to show proof of ID. Some jurisdictions have additional requirements to satisfy the 'know your customer' rule.

I feel it would be a bit difficult to to try to license the corner store guy...

[123456]

Originally Posted by VladS

I feel it would be a bit difficult to to try to license the corner store guy...

It seems that Paytoo Mobile has some partners for that. Using call credit vouchers to top-up a Paytoo Mobile is basically the same as depositing credit into a mobile wallet. I hope there is a direct link between Paytoo and Vodafone (NL), but i think it will be via a third party (MVNE) like Teleena.

[YackieMobile]

Originally Posted by petkow

Good point! I suppose these sort of services are regulated like Moneygram or Western Union or other favourites of our Nigerian friends.

@YackieMobile... Thanks for your reply, but you are rather good at not answering any questions or points raised in earlier posts such as by FBlack_111 and myself. What exactly are the fees associated with using the Mastercard? Are the terms available to see on your website? I cannot seem to find them.

Just read correctly the website......PaytooMobile - Rates and coverage

[Bossman]

You may want to tell your website designer that the incoming calls cost and possibly some other info are not showing up. Looks like it's there, but a style-sheet issue is preventing it from being viewable.

Originally Posted by YackieMobile

Just read correctly the website......PaytooMobile - Rates and coverage

[YackieMobile]

Originally Posted by VladS

I wonder how long before the system falls under the scrutiny of the anti money laundering watchdogs. Offering financial transactions 'on behalf of a third party' at a corner convenience store can be tricky...

We are fully regulated, with AML umbrella, financials licence, Money transfer compliance, and we only work with Regulated partners, financials institutions and banks.....we respect the KYC process and we are Mastercard partner...


NO risk.....

[andy]

Originally Posted by YackieMobile

( for the Backbone, it's Vodaphone ......)

some of the speculation was never denied - this and the next few posts:

Originally Posted by VladS

Hmmm... I'm not impressed with the rates... It looks like the card is sourced from Vodafone Netherlands.

[Bossman]

Am I the only one that did not notice the cost for incoming calls on the mobile rates page. Just outgoing?