Leading Mexican Portal Offers A Safe Way For Paying Across Borders
MEXICO CITY, Oct. 14 -- Todito.com, (NYSE: TZA) (BMV: TVAZTCA), a leading Internet portal, ISP and virtual marketplace for North American Spanish-speakers, announced today the launch of Todito - ePaid service through an alliance with eCatalystOne. Through Todito - ePaid, Todito`s Mexican and U.S.-based customers will be able to create prepaid, stored-value accounts for online shopping both locally and cross border.
Through Todito - ePaid, Todito`s Mexico and U.S.-based users now have the ability to open a prepaid account, depositing funds through any of the more than 1,800 branches of Banco Bital in Mexico and over 40,000 collection points in the U.S. The Todito - ePaid account functions like an electronic wallet -- deposited funds can be used to make purchases in the more than 50 Mexico-based stores in Todito`s virtual mall, as well as in the e-commerce sites of top U.S. merchants such as amazon.com, barnes&noble.com, target.com, toysrus.com and more -- all of which have accepted Todito ePaid as a form of payment.
Todito - ePaid account holders can easily send funds to other Todito - ePaid accounts enabling person-to-person payments for auctions, as well as account-to-account money transfers in Mexico. Money transfers can also be made from a Todito - ePaid account to any bank account in Mexico. In addition, people can make cash withdrawals without having a bank account at any Scotiabank Invertal branch and other convenience points. This partnership enables Todito to offer prepaid e-commerce to Todito`s rapidly growing U.S. Hispanic user base, leveraging eCatalystOne`s affiliate network of over 40,000 U.S. cash collection points.
"Our vision is to empower the growing number of Mexican Internet users by providing a simple tool for prepaid, online commerce," said Tim Parsa, Todito`s CEO. "Our partnership with eCatalystOne allows us to deliver on the promise of e-commerce for our users in both Mexico and the U.S."
Company Profile
Todito.com, S.A. de C.V. is a leading Internet portal, ISP and virtual marketplace for North American Spanish-speakers, jointly owned by Grupo Dataflux, S.A. de C.V. (BMV: DATAFLX B) and TV Azteca, S.A. de C.V. (NYSE: TZA) (BMV: TVAZTCA).
CONTACT:
Ruben Jordan, Director of Finance and Investor Relations
Todito.com
+011-5281-8221-2031
fax: +011-5281-8221-2092
rjordan@toditocorp.com
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