PayDirect, an international money transfer system, and mobile wallet platform PayToo have teamed up to offer a mobile money transfer platform for money transmitters.
With this partnership, PayToo will now be able to provide the mobile industry an effective and reliable connection to the money-transferring corridor.
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Steve Bessen, president of PayDirect, said: "We are very excited to partner with PAYTOO®, an industry leader in comprehensive mobile wallet solutions to provide a White Label platform for the Money Transfer industry.
"PayDirect powered by PAYTOO® will allow Money Transmitters of all sizes to evolve from the traditional brick-and-mortar model to an advanced and fully integrated technological platform, leveling the playing field throughout the industry."
The product will be formally introduced during the International Money Transfer Conference, to be held from 6 to 9 October at the Eden Roc Hotel in Miami.
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