mobile wallet company Archives

Paytoo broadens its reach into a new continent

10/19/201110/19/2011 Jorge Gonzalez

Paytoo (Universal Mobile Services) and XY Prepago (Mobile Solutions) have come to an agreement that says that they will work together to offer telecommunication services sand mobile wallet from any cell phone in Ecuador or around the world. The ratification of this deal occurred in Miami by the G-Tel Group’s product innovation manager, Santiago Arroyo, by way of its XY Prepago business unit, and by the Paytoo CEO, Michael Poignant. The partnership between these two companies is designed to further both international telecommunications and mobile commerce as supported by a…

Mobile wallet on handsets will not be replaced by NFC on SIM

10/10/201110/10/2011 L. Green

According to SK Telecom in South Korea, subscriber identity module (SIM) card-enabled near field communication (NFC) will provide a complement technology, but not a substitute for handsets that have been NFC-enabled. NFC implemented within a SIM card makes it much simpler and faster for consumers to obtain the technology, as they do not have to replace their handsets in favor of ones that have been NFC-enabled. Equally, though, SK Telecom says that they will work together with the purchase of NFC-enabled handset to build on the adoption of mobile wallets.…