News Singapore Startups

Youtap integrates MatchMove Wallet OS to its mobile money payment processing platform

Singapore-based MatchMove allows companies to offer a fully branded secure mobile wallet solution, via MatchMove Wallet OS. Several companies have partnered with the company to eleverage this solution to enhance user engagement and increase revenue.

One such company is Youtap, a global provider of contactless mobile money payments and financial services software, which is now integrating the wallet to its mobile money payment processing platform, Youtap Pay. This partnership is a response to the increasing demand for Visa and Mastercard companion cards that are connected with mobile money accounts globally.

Auckland-based Youtap, via its services, lets mobile money and stored value wallet customers to tap and pay at any point of sale using any device. It has secure NFC and QR code solutions that support payment acceptance for contactless and non-contactless cards, and NFC-supported gadgets. It supports mobile network operators (MNOs) and retailers by incorporating loyalty programs and other such offerings that benefit both, the consumers and merchants.

The collaboration will allow Youtap to offer its enterprise customers an “off-the-shelf open-loop payment acceptance solution for wallets” that are still closed-loop. Mobile operators will be able to issue Visa and Mastercard companion cards to their mobile money customers. In addition, they will be equipped to provide remittance, loyalty and other relevant services. The cards can be branded and integrated with any telecom operator’s current mobile wallet app using MatchMove Wallet OS APIs and technologies. Chris Jones, CEO and founder of Youtap, said,

Our partnership with MatchMove is yet another disrupter for cash transactions in growth markets. It makes it possible for customers without credit cards to buy products online and in stores with mobile money. Without ever going to bank.

MatchMove currently has offices in Vietnam, Indonesia, Thailand, India, Philippines, and the USA, and is in process of setting up new offices in South Africa and Dubai to fuel its global expansion. About a month ago, it had partnered with BonFleet to enable drivers to swipe and pay for fuel, toll and other fleet expense across India.

kajal@thetechportal.in


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