Users will be able to redeem rewards across six million points in India
Singapore and Mumbai, 12 January 2018 – MatchMove India today announced its partnership with RewardPort, India’s leading loyalty and reward management company, to launch a new open loop gift card named RewardPort Gift Card. The new gift card will allow RewardPort’s customers and their employees, sales teams and channel partners an extensive choice of gift redemption at over six million Mastercard and other partners’ points across India.
The new card is a notable enhancement of RewardPort’s current offering which entails issuing discount vouchers and closed loop gift cards. RewardPort’s clients and users welcome the idea of the new open loop gift card which can be in the form of a physical or virtual gift card. RewardPort’s clients can now launch multiple variance of gift cards such as one gift card with single or many pouches for different types of gifts and rewards. End users will be more incentivised as they now can accumulate their rewards and redeem online and/or offline for an array of gifts from movies tickets to travel vouchers, food and beverages, recharge, refuel, beauty services etc, and not restricted to the goods and services or tie-up programmes by a merchant.
Mr Javed Akhtar, CEO of RewardPort said, “Prepaid cards are becoming the preferred reward option over actual physical gifts as they give a lot of options for the recipients. At RewardPort, we are adding new dimensions for our clients and their users by introducing offline cashback and extra value on these cards in addition to the wide acceptance of Mastercard.”
Mr Gaurav Mittal, SVP, South Asia and Middle East, MatchMove said, “We are delighted to be the choice partner to power up RewardPort’s gift card programme and connect them to an extensive list of merchants and brands on the Mastercard network. Together, we will be making rewards and redemptions faster, easier and more pervasive in India.”
MatchMove enables companies to offer a fully branded secure mobile wallet solution, increasing revenue and user engagement. A member of the Mastercard network, MatchMove proprietary Wallet OS™ is built with the vision of strengthening financial inclusion through enabling its Spend, Send, Lend™ capabilities across developed and developing markets. The MatchMove Wallet OS™ includes services such as Payment Cards, Cross-Border Money Transfers, and Credit Scoring. MatchMove has been recognised internationally with awards including Singapore’s fastest growing technology company 2013 in the Deloitte Technology Fast 500 Asia Pacific, “Top Global Innovator 2014” in the Global FinTech Competition, and Most Promising Solutions Provider 2016 – Banking and Software by APAC CIO Outlook. MatchMove is headquartered in Singapore with offices in Vietnam, Indonesia, India, Philippines, and the USA, and opening new offices in South Africa and Dubai to support its global growth.
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