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July 9, 2019

MatchMove rolls out new product for faster digital payments

Fintech company MatchMove has rolled out the Lightspeed, which enables companies to launch their own branded payments platform within minutes.

“MatchMove Lightspeed enables businesses to build their own customised app on-the-go. They can launch virtual cards instantly and branded physical cards within three business days, thus, enabling a business to launch their fully-secured payments solutions faster, provide a great experience to their customers, and stand ahead of competition,” Chief Executive Officer Kumar Srinivasan told BusinessLine in an interaction.

MatchMove Pay was founded in Singapore about four years ago by serial entrepreneur Shailesh Naik. Headquartered in Singapore, MatchMove’s biggest market is India. It has over 125 staff across India.

“We have major expansion plans, which include business expansion and headcount growth. Our current markets include Singapore, the Philippines, Vietnam, India, and Indonesia. We have aggressive plans to expand to other countries next year,” said Srinivasan.

MatchMove’s Lightspeed is a next-generation platform that enables secure payments solutions across lending, corporate expense management, gift cards, remittance, money transfer businesses, and many more. MatchMove launched the MatchMove Lightspeed product in India last week and is expected to launch the same product in Singapore, the Philippines, and Vietnam in Q4 of calendar 2019.

Using MatchMove’s mobile payments solutions customers can make purchases online and offline, send and receive money from anywhere globally, and get credits easily. MatchMove has strategic relationships with Mastercard, Visa, and Rupay across South-East Asia and India.

MatchMove Lightspeed is a SaaS platform and the pricing model is built upon a software delivery model in which the software is licensed on a subscription basis and is centrally hosted. MatchMove Lightspeed’s pricing model is also built to help clients grow the business faster and grow with the client’s success.