MatchMove® Wallet OS now enabled with HCE technology, Makes Plastic Redundant
First in Singapore and across Asia to enable virtual cards with network agnostic, secure ‘tap-and-go’ technology.
Singapore, October 23, 2016 – Leading financial technology company MatchMove today announced that its award winning Wallet Operating system (OS) is now being enabled with a “Host Card Emulation” (HCE) function. The successful integration of this technology is a result of its strategic partnership with US-based SimplyTapp, one of the world’s leading independent creators of advanced contactless technologies. This is expected to be a game-changer for all of MatchMove’s existing partners and future customers who want to offer a contactless experience to millions of consumers globally, but do not want to be tied to a specific payment network.
“By leveraging on SimplyTapp’s expertise in HCE and pairing it with our current MatchMove platform, we are enabling our customers who use our OS for a wide range of new services and capabilities, such as using only a virtual card for physical payment, using the virtual wallet for loyalty across multiple merchants and even for instant cross-border remittance. This further differentiates MatchMove from other payment solutions that still require digitising plastic cards on mobile devices.” said Shailesh Naik, CEO, MatchMove.
MatchMove’s HCE-enabled technology is device agnostic and able to operate on any Android device (4.4 and above) with NFC (near field communication) capability. Starting in Singapore, users with MatchMove-powered virtual cards will soon be able to enjoy a hassle-free tap and pay experience at relevant NFC-enabled in-store terminals, for instance, Mastercard’s Paypass. The Asiawide capability will be available for new enterprise and startup customers by the end of Q4.
Ted Fifelski, President and Co-Founder, SimplyTapp, said, “We are excited to be working with MatchMove to offer our joint-technologies to reach millions of mobile consumers globally. We are certain that this development is a significant step in allowing consumers who are already a part of this transaction method to not only go cashless but also eliminate physical cards from their wallets.”
“With our new HCE-enabled technology, there is no need for any of our business partners to invest in additional hardware if they use MatchMove’s HCE-enabled products, saving them time and money.” said Kaustuv Ghosh, SVP & Product Evangelist, MatchMove.
About MatchMove Pay
MatchMove Pay is a financial technology company that provides innovative, end-to-end enterprise payment solutions to help startups and large enterprises increase revenue and boost user engagement through its patented technologies. Our proprietary cloud-based MatchMove Wallet OS™ enables any company to easily offer their customers a fully branded, secure mobile wallet solution that includes P2P transfer, Remittance, Top Up channels, Virtual Payment Cards, Loyalty Points & Rewards, Promotions & Offers amongst many other features.
MatchMove has consistently been recognised internationally for its outstanding innovation. In 2013, MatchMove was ranked as Singapore’s fastest growing technology company in Southeast Asia in the Deloitte Technology Fast 500 Asia Pacific. In 2014, MatchMove emerged as the “Top Global Innovator” in the Global fintech competition, the SWIFT Innotribe Innovator Challenge in Boston. In 2016, MatchMove was recognised as Most Promising Solution Provider – Banking and Software by APAC CIO Outlook and Most Innovative Financial Technology Provider in Singapore by Global Business Awards.
MatchMove Pay is headquartered in Singapore with offices in Vietnam, Indonesia, Thailand, India and The Philippines.
SimplyTapp was founded by Doug Yeager and Ted Fifelski in 2011. Based in Austin, Texas, SimplyTapp created Host Card Emulation (HCE) which has revolutionized mobile contactless payments worldwide. SimplyTapp’s technology powers payment functionality on Android devices for card-issuing banks and provides a simple and secure transaction environment for industries including retail, transit, ticketing and hospitality.
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Account Manager, REDHILL Asia
VP of Marketing, MatchMove Pay Pte Ltd