MatchMove-Powered FreeCharge Go MasterCard has 1 Million Users in Less Than Two Months
09 March 2016, Singapore—FreeCharge Go MasterCard, a virtual card product powered by MatchMove and issued under the license of Yes Bank Ltd., has already acquired more than a million subscribers in India where it was launched in early January 2016, thus setting new records in customer acquisition for mobile payments.
Especially offered to existing FreeCharge customers, FreeCharge Go is a product of the collaboration between India’s major e-commerce company Snapdeal, it’s payment arm Freecharge, award winning Indian bank Yes Bank Ltd and world-class payment technology from MatchMove.
According to Gitesh Athavale, Senior Vice President and General Manager at MatchMove, “We wanted to offer FreeCharge’s current 15 million strong subscriber base the latest innovation in financial technology and provide another viable channel for making online transactions that are safe and convenient. As part of our company’s mission to simplify online financial transactions, we are providing FreeCharge a highly-secure payment platform that is easy to understand and convenient to use. Our payment platform technology is continuously proving that having access to a virtual card is not only a safe and convenient alternative to using credit or debit cards but also a means to save precious time and money. And this exactly what FreeCharge Go’s purpose is,” he elaborated.
About MatchMove Pay
MatchMove is Singapore’s fastest growing mobile payments 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 B2B platform-as-a-service that enables any major consumer brands, banks, lifestyle apps, 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 full-service platform comes with the capability to issue virtual and physical cards from major networks like American Express, Visa, RuPay, MasterCard, UnionPay and JCB. Uniquely, MatchMove is one of the very few worldwide mobile payment platform-as-a-service authorized by MasterCard and American Express to issue cards directly to users in approved jurisdictions, or anywhere else in the world with partner banks.
MatchMove Pay has been recognised internationally for its outstanding innovation, including “Global Top Innovator” at SIBOS in Boston and “Top FinTech Disruptor” at the FST/Asean Banking Conference in Singapore. The company was ranked as Singapore’s fastest-growing technology company in Southeast Asia in the Deloitte Technology Fast 500 Asia Pacific in 2013.
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