Today, Paytoo, the mobile wallet solution leader in cutting edge telecommunications and payment services, announced it has entered a strategic partnership with Paymentez.

The all-inclusive, social games and virtual content payment platform represented online and at more than 500,000 point-of sale kiosks spread throughout retail stores and Internet cafes in Latin America.

This agreement brings Paytoo’s services to Paymentez’ network which currently includes Argentina, Brazil, Chile, Colombia and Mexico.

With the instant issuance of a virtual Visa card from Paytoo’s mobile wallet, banked and un-banked consumers within these countries are able to access the Paymentez System to pay for games and various other services that Paymentez plans to offer in the future.

Just like with a regular physical Visa card, consumers can now load money onto their Paytoo virtual Visa cards and use it for all types of purchases through the Paymentez gateway.

“This partnership is an exciting development for our company,” said Michel Poignant, CEO of Paymotech, parent company of Paytoo.

“I’m thrilled that we have Paymentez’ cooperation in providing their Latin American online consumers with a virtual card that is extremely safe and easy to use.”

“At Paymentez we’re always looking for ways to help companies like Paytoo to reach and monetize the audience from Latin America.

We really think this partnership will represent an important step in the Latin American way to do digital business,” said Fernando Paradiso, Business Development Manager of Paymentez.

Paymentez’ technology simplifies the collection processes of online and offline micropayment for Zynga, Playfish, Sulake and their many other customers.

About Paymotech
The Paymotech Group was formed in 1999 through its Swiss Holding parent company, Deutsche Börse Group (4PA.DE) and is currently listed on the Frankfurt Stock Market.

Since 2004, Paymotech (and its Paytoo Mobile and Yackie Telecom divisions) offers mobile phone solutions, VoIP, SIM cards free of roaming charges and secured e-commerce payment transactions solutions.

In 2009, Paytoo became the first mobile wallet solution to combine telecommunications and mobile payments all drawing from a single account.

To learn more about Paytoo, visit http://www.paytoo.com/

About Paymentez LLC:
Paymentez, LLC, headquartered in Miami, Florida, is the largest monetization platform of virtual content in Latin America.

With over 4 million registered users, Paymentez has the most experience in online and offline payments in Latin America.

Its network consists of 500,000 offline POS across the region, with that number expected to grow to 1 million by the end of 2011.

Its strategy is focused on increasing conversion rate for its customers and reaching their users where they play. Customers include Zynga, Playfish, Sulake, Artix, Bigpoint, i-Jet Media, and Spil Games.

For more information, visit: http://corp.paymentez.com/home

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