MatchMove Pay Announces New Key Partnerships at Vietnam Payments Summit 2015
Leading banks and major digital companies select MatchMove platform
Vietnam, April 2015 – The MatchMove Payments Summit in Vietnam was held in Ho Chi Minh City on Tuesday 7th April 2015 and in Hanoi on Thursday 9th April 2015, attracting a total of more than 120 delegates from 40 well-known global and local organisations.
Mobile payments may be relatively new to the Vietnam market, but they have been developing rapidly here in one of the fastest growing economies in Southeast Asia. With the advancement of new mobile technologies, many banks, financial institutions, e-commerce companies, games publishers, payment gateways, e-wallet companies and etc, have recently adopted the use of mobile payment solutions in order to enhance their customer experience. Mobile payment platforms such as the MatchMove solution also helps these companies reduce costs as compared to cash payments or scratch cards which in turn increases their profitability significantly. Last but not least, mobile payments also help these companies to attract new customers and increase revenue for their businesses.
“This event has been a highly successful one for us as many financial institutions and big digital and e-commerce players have shown strong interests in the MatchMove B2B mobile payments platform. Our delegates include a strong presence of senior representatives from networks such as MasterCard and China UnionPay, and also senior executives from prestigious local banks such as ACB, Eximbank, Military Bank, SeaBank, HDBank, TPBank, Viet Capital Bank, OCB, SHB. On top of that, we also have many delegates coming from well-known e-commerce companies and online merchants such as Lazada, Agoda, Tiki, Nguyen Kim, Sieu Mua, VinEcom, TeaMobi, SieuMua, Ybook, Galaxy, ISS, SSG, Joy, M-Service, Viet Union, NCT, Appota, DiSieuThi, DKT, Mwork, VNP, VNC and etc. Most of our delegates agreed on the significant and immediate potential of developing mobile payment solutions in Vietnam.”said Priscilla Le, Senior Director of MatchMove Pay.
A couple of major partnership announcements were also made at the event by major banks and e-commerce companies. These companies announced their intention to partner with MatchMove Pay to launch prepaid virtual cards and wallets in Vietnam and target to launch this service to more than 20 million users in the next twelve months.
- VietCapital announced their plans to cooperate with MatchMove on a white-label solution for issuing virtual cards using the MatchMove platform.
- Joy Entertainment, one of the fastest growing games developers in Vietnam, announced plans to provide virtual cards using the MatchMove platform in Vietnam and other South East Asian countries.
- M-Service – the pioneer mobile payment services provider in Vietnam – agreed to collaborate with in several areas That includes M-Service shops acting as top up channels for virtual cards in Vietnam and joint partnership on the marketing and promotion of virtual cards in Vietnam.
- SSGroup – a leading games publisher and MatchMove – will partner to issue virtual cards to its users in Vietnam and other South East Asian countries.
- MatchMove announced the official launch of the virtual card platform with HDBank and TPBank in May 2015.
Mr Quoc Anh – Head of Retail Banking of HDBank said, “One of the outstanding advantages of the MatchMove solution is its unique dynamic CVC feature which greatly increases the level of safety and security for online shoppers in a market like Vietnam where consumers are concerned about such issues. In addition, with the free U.S. virtual address feature, all Vietnamese users will be able to shop safely on a wide variety of U.S. sites and take advantage of major online sales events such as Black Friday sales. Another key feature of MatchMove is its P2P (Peer-to-Peer) money transfer feature, which allows any users to directly and conveniently send money to another person via email or mobile number. With this, users will no longer have to recall the lengthy bank account details of their intended recepients . Instead, the transfer can now be done real-time and convenient via just one click.”
About MatchMove Pay
MatchMove Pay 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.
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. The wallet contains Amercian Express and MasterCard prepaid cards issued by MatchMove and also supports other major networks like Visa, Union Pay and JCB.
MatchMove Pay has been consistently recognised internationally for its outstanding innovation. In 2014, MatchMove Pay was named “Top Global Innovator” in the highly competitive global fintech competition, the SWIFT Innotribe Startup Challenge at SIBOS in Boston. The company was also ranked as Singapore’s fastest-growing technology company in Singapore and Southeast Asia in the Deloitte Technology Fast 500 Asia Pacific in 2013.
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