The service enables consumers to use their mobile wallet platform to pay US billers. It can be used to pay utility bills, car or mortgage payments and credit cards, even if they are abroad or do not have a US bank account.
Users can continue to use other PayToo services such as adding credit cards to their accounts, making multi-currency global transfers or redeeming funds from over 1 million ATM’s and PayToo locations. “Our goal is to continue to be the worlds’ leading global mobile wallet solution in the market, providing value to our users through innovative, low-cost and convenient financial services. I am pleased to introduce this new service into our portfolio and am excited about pursuing the launch of other services under the PayToo brand” said Michel Poignant, CEO of PayToo Corp.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.