MatchMove 2019 Year in Review - MatchMove

MatchMove 2019 Year in Review

MatchMove’s proprietary Banking Wallet OS provides 'Banking-as-a-Service' with Spend, Send, Lend capabilities within any app. The platform allows businesses and their customers to pay online, offline, perform P2P domestic transfers, cross-border remittances to global recipients securely.

MatchMove’s platform provides modular banking services which can be customized to any company’s needs and delivered in a businesses’ own colors, branding, and customer interface.

The team at MatchMove wishes you peaceful, joyous and prosperous new year. Thank you for your continued support and partnership. As we look back upon the past year, we would like to acknowledge those who have helped us shape our business. Thanks for a great year, and we wish you all the best as you embark on 2020.

A flash back at MatchMove for the year 2019

2019 has been a turning point for MatchMove in every way possible. As we push the envelope in revolutionizing Fintech space, we are also bringing in new technologies to scale our software infrastructure and ultimately build the best customer experience. 2019 has been a year with a primary focus of Partner Experience. To improve the onboarding experience and reduce the time to launch to X Days

2019 Year Highlights

  • The launch of MatchMove’s most prized product, The MatchMove Lightspeed.
  • The MatchMove Agent portal and VAS features launched for seamless agent and consumer experience. 
  • The Launch of MatchMove Devportal intended to make our clientele experience a breeze. 
  • The new MatchMove website launch. 
  • The move to a new state of the art Bangalore office.
  • MatchMove Acquires a Stake in Local P2P Lender MoolahSense to Power SME Lending.
  • Singapura Finance Limited fondly known as SFL investments in MatchMove. 
  • MatchMove bags Best Payments Innovation of the Year at the 7th edition of the Payments and Cards Summit Awards 2019.
  • MatchMove gets listed as “6 Tech companies to watch out for in 2020” by The Asian Age.
  • MatchMove Pay showcased as one of FinTech success stories at SFF.

New initiatives

MatchMove Lightspeed

MatchMove Lightspeed, a powerful, out-of-the-box solution, that is designed to scale and grow your business from the get-go. Lightspeed enables companies to launch their own branded payments platform within minutes.

  • Build real-time customized application using MatchMove lightspeed, instantly launch virtual cards.
  • Customized awesome user experience and opt-in mechanism at your disposal.
  • Fully automated fund management, reconciliation and settlement solution.

Value Added Service (VAS) on Lightspeed

MatchMove adds VAS to LightSpeed. Now your app can be used to recharge prepaid mobile phone number, DTH, and data card. Customers can avail these value-added-services without any additional cost and use these add-on features anytime, anywhere. 

  • Customers can top-up/ recharge their mobile phone number from the mobile application across all mobile operators in India. 
  • Easy Recharge of DTH connection from leading operators across India.
  • Recharge your data card effortlessly online anytime, anywhere without any glitches.

Business Benefits

  • Offered as a white label for a brand.
  • Cross-platform: Android, IOS, and web-browser.
  • No Additional Reporting & Settlements with VAS providers, all managed & handled in-house by MatchMove. 

Currently these services are available only in India. However, VAS services for LightSpeed Singapore is being planned for early next year.

MatchMove Agent Portal

Matchmove’s Lightspeed product is the powerful and out of the box solution that enables enterprises to build their own customized payment solution on-the-go. The Lightspeed’s issuance portal, with its super easy and intuitive dashboard solution, makes issuance of cards a breeze. With features like bulk actions for card issuance and loading money, Lightspeed’s issuance portal provides a smooth and seamless experience and keeping in mind the safety and compliance required for the businesses to operate. Here is what you can do in the issuance portal also known as the agent portal:

  • Efficient User management
  • Quick and easy card assignment flow complete with Bulk assignment
  • Agent assisted Card activation
  • Load money to the wallets instantly

MatchMove Devportal

The MatchMove Devportal is a central repository which serves as a knowledge bank for our clients on MatchMove products and offerings. It acts as a single source point where one can find information on how the product, and processes work. The following        sections are currently included in the portal

  • Information on our products
  • Feature offered by MatchMove
  • Compliance &VAPT information
  • AdminNet, Lightspeed, and operations related information
  • Know-hows about our APIs
  • Reporting & Reconciliation processes
  • Basic troubleshooting for common errors encountered

This portal also acts as an interactive platform, wherein a customer can post comments on our articles and solutions we add. Customers can also ask questions on any information they want regarding the MatchMove products.

Major Client Launches


SFL (Singapura Finance Limited)

Now make online and offline shopping easier and safer with Singapura Finance’s Vivid Savings Account#1 and Vivid Prepaid Mastercard#2 , the new savings account that allows you to have full control over the cash that you want to transfer to your e-wallet and spend worry-free. 
Customers can Open a Vivid Savings Account today, get your Vivid Prepaid Mastercard and start enjoying higher savings interest rate of up to 1.30% p.a. That’s up to 1.30% earned interest with NO multiple qualifying conditions. 
For more information visit


Kubia is a Singapore-based challenger bank, offering its customers Current accounts, Pre-paid MasterCard Physical and Virtual cards, instant internal transfers and inexpensive remittances abroad. Kubia is also focused on providing corporate banking services to entrepreneurs and SMEs, providing them with free corporate bank accounts, inexpensive international remittances, corporate payrolls, business Debit cards and open API for all types of integrations.


Xpensio gives companies full customization and control of the payment management system that fit their business needs. Managers can predetermine rules and automate approval processes and other processes such as payment card creation, setting spending authority and limit, as well as channeling funds disbursements, all on a single platform. Bookkeeping becomes a breezy task with Xpensio. In addition to smart matching capabilities of invoices and receipts to payment categories, companies can have full control and real-time visibility to the overview and track company spending anytime, instead of having to wait for month-end statements and reports.


Indian Railway Catering and Tourism Corporation (IRCTC) iMudra

IRCTC and MatchMove have joined hands to launch a one of its kind prepaid wallet with Visa branded virtual & physical cards PAN India. This is a digital wallet into which user can deposit money in advance and can use it as a payment option. The iMudra wallet, with its simple and high-security features, is expected to boost pan-India booking of rail tickets via iMudra mobile app and contribute to a cashless economy. A full-fledged mobile wallet enabling both open loop and closed loop payments. Powered by MatchMove’s robust suite of SPEND, SEND, LEND Platform that enables new possibilities to send money (P2P), shop and get merchant offers Feature in Focus.


Zenpay is a leading company providing evolutionary technology to make salary processing a delight for employers as well as for employees. Zenpay offers a digital settlement solution that are difficult to fraud eliminating the worry of money laundering within the payroll amount, and the need for troublesome checks and helps remittance companies.


Stashfin provides a Corporate Expense management program in which they are offering the solution to multiple corporate around expense management through card, Meal card, Petro card etc. They will be extending the credit through corporate to the employees for carrying out corporate expenses.


Qwikcilver, a global leader in end-to-end gifting & stored-value solutions, helps the brands and retailers transition their business with a retention & reward. As pioneers of the gift card revolution and architects of a one-of-its-kind global SaaS gift card platform, we know exactly what it takes to help you transition your business and we are here to power your gift card strategy.

Investment and Acquisitions

MatchMove Acquires a Stake in Local P2P Lender MoolahSense to Power SME Lending

MatchMove, a ‘Bank-As-A-Service’ platform has closed an agreement with licensed P2P lender, MoolahSense, to acquire a strategic stake with immediate effect.

MoolahSense is a data-driven peer-to-peer lending platforms focused on SME lending, and operates under a Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS).

This acquisition will enable MatchMove to further strengthen its Spend.Send.Lend™ capability and provide access to financing to SMEs withixn its ecosystem. Consequently, MoolahSense will be able to leverage MatchMove’s integrated regional partner network to tap new segments and extend its capability to fund creditworthy SMEs across Asia.

Singapura Finance invests in MatchMove

MAINBOARD-listed Singapura Finance invested in the enlarged share capital of homegrown digital payments firm MatchMove Pay. This is a strong show of faith in our vision after getting to know us and our #BAAS platform capability.

Achievements and recognition

MatchMove bags Best Payments Innovation of the Year at the 7th edition of the Payments and Cards Summit Awards 2019

We are proud to have won the "Best Payments Innovation for the Year award" at the Payments & Cards Summit, India. The award is for our latest product “MatchMove LightSpeed" that enables enterprises to launch their own branded payment solution in 3 simple clicks. It's a great recognition. A big thank you to our partners for trusting us.

MatchMove gets listed as “6 Tech companies to watch out for in 2020” by The Asian Age

The Asian Age lists MatchMove as one of the 6 tech companies to watch out for in the year 2020.

MatchMove in Singapore Fintech Festival

The Singapore FinTech Festival is the world’s largest platform for the global FinTech community. MatchMove put on quite the show, complete with roving Ipad illusionist, blind masseuse and of course showcasing the amazing new Lightspeed platform.

MatchMove at SFF event showcased Mobile phones and PDA’s with Lightspeed Application alongside our partner application, which intrigued visitors at our booth for its features and clients using MatchMove Offerings.

MatchMove team performed around 35 lightspeed demos and met about 100 biz potential business and extension partners.

MatchMove Pay showcased as one of FinTech success stories at SFF

Lots is heard, read and spoken about Fintech and the solutions they offer, the innovation they bring, and the way these solutions are disrupting the industry. Our CEO Shaliesh Naik spoke on various aspects and challenges faced and opportunities for FinTechs to play a pivotal role in Banking sector.

MatchMove Pay at APAC Summit 2.0

Matchmove SVP, Nisha Paramjothi pitching at the Plug and Play APAC Summit 2.0 @MBS the biggest open innovation platform. Showcasing the best of the innovation ecosystem in Asia, the summit features 50 of the curated startups, 20 industry leading speakers and 22 of the corporate innovation partners.

Thank you for joining us in this journey to disrupt the Fintech industry and we know that we can bring you many more improvements, features, products and services that can add value to your experience.

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