ePAID is brought to you by eCatOnly.
What problem do they solve? New Internet users in fast growing Internet markets (like Mexico) need stored value accounts to effectively conduct global online commerce. These transactions include traditional shopping for hard goods, digital content (i.e. software, music, games), travel services, online stock services, P2P transfers, auctions, and bill payments. Today they are limited by not having a convenient payment system tailored to the ways of their culture... cash! How do they solve the problem? eCatOnly has both an effective business model and innovative technology that addresses this problem. They provide a highly scalable, secure transaction engine (ePAID) that establishes prepaid accounts from which users can conduct online commerce. In addition to in-country purchases, the system provides for currency conversion to support cross-border transactions.
They also provide a patent pending proxy (iProxy)
that allows us to interface with the merchant or service provider with minimal or no changes to their
ecommerce system. Their business model leverages their partners such as portals, telephone service providers,
banks and internet service providers who already have substantial customer bases and a trusted local brand name.
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