Paytoo announced during the Money 20/20 event held in Las Vegas from October 25th to October 28th 2015, a strategic partnership with Payonyx, that will deliver significant benefits to users worldwide.
This agreement will offer consumers a unique card to manage multi-currency in real time, when loading, and not at the merchant or payment stage.
At PAYTOO, we are focused on bringing new innovative and convenient services to our users. This new service will provide an easier and cost-effective way to pay for purchases in different countries not only to our users but to worldwide consumers while they are travelling," said Michel Poignant, CEO of PAYTOO Corp.
World travellers will have the ability to choose from three different payment options: Use the money in the wallet in local currency and therefore save on conversion fees, convert the money in their wallet and get the best exchange rate, or use their credit or debit card at a domestic level.
This solution will provide robust security and competitive rates for the users.
"Payonyx is very excited to be working with PAYTOO to create this unique payment product for travellers" said Daryn Griggs, CEO of Payonyx. Adding, "the integration of the Payonyx multi-currency platform and the PAYTOO Wallet platform will provide cardholders a much more cost effective and convenient service."