MatchMove Pay Announces Exclusive Joint Promotion with Agoda.com in Southeast Asia

MatchMove Pay Announces Exclusive Joint Promotion with Agoda.com in Southeast Asia

Strategic partnership will tap into region’s booming online travel booking market Singapore, 5 April 2015 – MatchMove Pay, the leading mobile wallet and payment cards platform provider in Asia, together with Agoda.com, one of the world’s leading hotel booking sites, will be launching an exclusive joint promotion for MatchMove’s customers in Southeast Asia. During the promotion period, all MatchMove Wallet users will be entitled to a 5% discount off all participating merchants’ bookings made on Agoda.com by using their MatchMove virtual cards with the MasterCard, Amex and Visa logos. Details of the promotion will be sent to all MatchMove users via email and social media. “MatchMove is proud to be Agoda’s first virtual card partner in Vietnam. Agoda, like us, sees the huge potential of virtual cards, especially in emerging markets in Southeast Asia. The prepaid virtual card allows anyone and everyone to sign up, even if he or she does not have a bank account”, says Priscilla Le, Senior Director at MatchMove Pay. With an exponential growth in internet penetration in Southeast Asia in recent years, more and more customers, particularly young professionals, are turning to online websites to purchase travel services and products. This rising trend is also fuelled by the improvement in the banking system and non-cash payment services in Southeast Asia. The MatchMove Wallet, a mobile wallet and mobile payment cards service, completely architected in a state-of-the-art safe and secure infrastructure, stands out in the online payments market, in terms of giving consumers a peace of mind when it comes to shopping online. In addition, the propensity of Southeast Asian customers making outbound travel trips are on a steady rise as the average income of each household increases as a result of strong economic growth. For example, in Vietnam, the number of outbound travel trips made by Vietnamese households are estimated to double from 14.5% in 2011 to 30% by 2020. Based on the research done by MasterCard, this has shown similar growth in other countries such as Philippines, Indonesia, Thailand, etc. These have given rise to an increasing demand in online booking of hotels at Agoda.com as well as other booking websites. However, credit card penetration rate in these countries is very low, less than 15%. As such, not many customers are able to make their booking directly on these websites. They have to use travel agents for almost all their hotel bookings instead. Therefore, the introduction of MatchMove Wallet will immediately help these consumers solve their online payment problems. The MatchMove Wallet is a customisable PaaS that enables any major consumer brand to issue safe and secure mobile payments services that can help increase revenue, loyalty and customer engagement. The safety and security of the MatchMove Wallet lies in its dynamic, one-time Security Code feature. The mobile wallet contains pre-paid cards that work just like credit cards for online transactions. Because anyone can easily sign up for these pre-paid cards, it has become extremely convenient for the consumers to use these cards to book their hotels and make other purchases online. To experience the MatchMove Wallet, please visit http://www.matchmove.cards. …………………………………………………………………………………………………………… About MatchMove Pay MatchMove is Singapore’s fastest growing technology company, providing innovative enterprise solutions to help businesses increase revenue, user engagement and loyalty through the strategic use of our customizable cloud-based platforms. In 2014, MatchMove Pay launched the MatchMove Wallet, Asia’s first mobile payment card, in partnership with American Express. The MatchMove Wallet is a platform-as-a-service that enables any major consumer brands, banks, telcos and regional e-commerce sites to easily issue secure mobile payment cards to reach millions of potential shoppers with smartphones in Asia and emerging markets. In 2015, MatchMove Pay became an issuing and acquiring member of the MasterCard network. MatchMove Pay will partner with MasterCard to launch mobile, virtual and physical payment cards across Southeast Asia. The MasterCard prepaid card will be rolled out in selected countries from March 2015, and will be accessible from the mobile wallet powered by MatchMove Pay. MatchMove Pay has since been recognised internationally as a company for its outstanding innovation. This year, MatchMove Pay defeated a strong line-up of 14 other finalists to emerge as “Top Innovator” in global fintech competition, SWIFT Innotribe Startup Challenge at SIBOS in Boston. The company was ranked as Singapore’s fastest-growing technology company in Southeast Asia in the Deloitte Technology Fast 500 Asia Pacific in 2013 and also awarded the Red Herring Top 100 Asia and Red Herring 100 Global in 2012. For more information, please visit Website:www.matchmove.cards, www.mmvpay.com, www.imbacard.com Facebook: www.facebook.com/matchmovewallet Twitter: www.twitter.com/matchmovewallet Official Blog: https://myvirtualwallet.wordpress.com …………………………………………………………………………………………………………… About Agoda Agoda (www.agoda.com) is one of the fastest-growing online hotel platforms worldwide, listing hundreds of thousands of hotels and providing services in 38 different languages. Agoda Company Pte. Ltd., the company behind Agoda.com, was established in 2005 by two veterans of the online travel business and in 2007 was acquired by Priceline Group, the largest seller of rooms online. Priceline Group is publicly traded on NASDAQ (Nasdaq: PCLN) and is a part of the S&P 500. Agoda.com employs more than 1,300 travel professionals, representing more than 20 countries. There are major operations in Singapore, Bangkok, Kuala Lumpur, Tokyo, Sydney, Hong Kong, and Budapest, with an additional presence in major cities across Asia, Africa, the Middle East, Europe, and the Americas. Dedicated market managers maintain close relationships with Agoda.com hotel partners around the globe, creating special promotions and marketing programs to help Agoda.com offer some of the best deals on the Internet. This competitive edge is backed up by a best-price guarantee. Agoda.com’s award-winning website is fast, easy to use, and employs world-class technology to offer instant confirmation for every one of our hundreds of thousands of listed hotels. In addition to a wide selection of accommodation and room types, the millions of Agoda.com hotel reviews are 100 per cent authentic, submitted by customers after they have completed their hotel stay. Finally, our 24/7 multi-lingual customer service & support means assistance is quick at hand when it really counts. At Agoda.com, we take pride in being accountable, reachable and connected. We offer customers the widest set of hotel options and always strive to offer the most competitive price. By doing this, we hope to make travel more affordable, accessible, and enjoyable to customers around the world. AGODA ® is a registered trademark of AGIP LLC, used under license by Agoda Company Pte. Ltd.