Co-operative agreement offers major expansion to both platforms
July 24, 2013: Toronto-based UseMyServices,Inc announced today that they have entered into a co-operative agreement with Paymenex TM International, the operator of xTransNET providing users of both platforms a greatly expanded range of services. Under the new venture, UseMyServices merchants will be able to accept payments from Paymenex’s account holders over many channels including Paymenex xWallet Mobile, and Paymenex’s account holders will be able to load their prepaid payment accounts and xWallet directly from their online banking service with UseMyFunds, UseMyServices’s flagship payment solution from any of the banks on the UseMyServices platform. The full list of the banks available can be seen here https://www.usemyservices.com/current-country-banks .
Paymenex account holders in Cameroon, Columbia, Ghana, India, Italy, Nigeria, Sierra Leone and the United Kingdom will now be able to make purchases using their Paymenex account or xWallet Mobile at any participating UseMyServices merchant. Additional countries are scheduled to be added shortly.
“The Paymenex TM TransNET Network offers a unique payment solution for our customers in regions that we have not been able to serve in the past”, says UseMyServices, Melody Wigdahl. “These are countries that are often under-served in the payments industry, but they offer a great growth potential. The xWallet mobile is an excellent and exciting entry into the mobile space for us, as well.”
Moe Alharazi, CEO of Paymenex in America said “The xWallet Mobile is the first international mobile money platform available in multiple currencies for banked and unbanked, it enables financial institutions worldwide to provide their account holder’s a convenient electronic access to their bank account on their mobile from anywhere in the world and the recent collaboration of UseMyServices, the two giants will offer unlimited and secure Alternative electronic payment services without boundary especially in countries with high level of unbanked.
“With the addition of Paymenex TM TransNET,” adds Joseph Iuso, CEO of UseMyServices, “UseMyServices proprietary platform will now be able to offer Ecommerce Customers in 37 countries the ability to pay for their online purchases without the use of a credit card, with real time transaction and funds confirmation for the Merchant.”
The new services are currently live and available to both customers and merchants of both companies.
Established in 2002, UseMyServices is the first company to bring together ecommerce and online banking with a proprietary platform that allows online banking customers to pay for their ecommerce purchases in real time using their own bank account. UseMyServices’ real time transfer means that customers making a purchase online can be credited immediately for their purchase. Visit our website at http://www.UseMyServices.com or contact firstname.lastname@example.org for more details.
About Paymenex International
Established in 2006 , Paymenex is a universal electronic payments technology company that facilitates real time electronic payments between consumers and businesses and provides platform for real time gross settlement (RTGS) and Mobile Money infrastructures for financial institutions worldwide through its advanced network – Paymenex TransNET and it’s new Mobile solution – xWallet Mobile.
Paymenex TransNET is secured with 3W ADA Sentry online authentication system developed at the University of Liverpool and the ACE Graduate school of the University of East London in United Kingdom, the 3W ADA Sentry system impedes the threats of online payment fraud, and reassures the trust of online merchants and shoppers.
For more information about PaymenexTM TransNET, download the brochure: http://www.paymenex.com/docs/Paymenex_TransNET_Brochure.pdf
For more information on the xWallet Mobile solution, download the brochure here: http://www.paymenex.com/docs/xWallet_Mobile.pdf or visit Paymenex TransNET at www.paymenex.com or contact email@example.com
Category: Alternative Payments