MatchMove, a leading embedded finance solutions provider, and Mastercard today commemorate 10 years of collaboration that has pioneered new frontiers in digital payments and financial inclusion across Asia and beyond. This milestone marks a decade of visionary innovation that began before the term “FinTech” was a household name.

The alliance, which began in 2015, was grounded in a shared commitment to democratize financial services. It enabled Mastercard to empower MatchMove as one of its first non-bank partners to issue prepaid cards, a move that set a new precedent for innovation in the financial sector.

“Ten years ago, Mastercard demonstrated a visionary commitment to the future of finance by collaborating with us,” said Shailesh Naik, Founder and Group CEO of MatchMove. “This wasn't just a business agreement; it was a powerful endorsement of our 'Bank in Any App' vision. Mastercard's trust allowed us to democratize access to financial services for the unbanked and uncarded, embedding payment capabilities where they are needed most. We are incredibly proud of what we have achieved together in making digital payments ubiquitous.”

A Decade of Milestones: From Vision to Widespread Adoption

These 10 years have been defined by a series of groundbreaking achievements that have set new standards for embedded finance:

• Pioneering New Segments: In 2015, the launch of the IMBA GAMERCARD provided gamers and younger consumers with their first opportunity to make secure online payments, introducing millions to the formal financial ecosystem.

• Innovating for the Unbanked: The Only 1® Mastercard Gift Card provided a secure entry point into digital payments for individuals without traditional banking access. Its "Dynamic CVC" feature showcased a shared commitment to security and user trust.

• Advancing Technology: In 2020, the partners piloted a groundbreaking fingerprint biometric card, demonstrating joint leadership in enhancing the security and convenience of contactless payments. 

• Enabling New Ecosystems: MatchMove’s platform, powered by Mastercard, has enabled a wide array of partners to seamlessly integrate financial services. This includes BNPL providers like Atome and Salmon, as well as Funding Societies for real-time fund disbursement to SMEs and Maxi-Cash for digital financial services, which exemplify how embedded finance is transforming industries.

Democratizing Finance: The Power of Scale in the Non-Bank Segment

Over the past decade, this cooperation has demonstrated the immense potential of democratizing access to finance. Through this collaboration, MatchMove has issued millions of cards and enabled digital accounts, reaching a diverse and extensive user base.

Key statistics demonstrating this wide reach include:

• Over 3 million cards issued by MatchMove and through strategic partnerships, providing essential payment access to consumers in underserved markets across Southeast Asia.

• More than $5 billion processed via our platform, with a significant portion belonging to individuals who did not previously have access to secure digital payment methods.

• Over 100 partnerships with enterprises, FinTechs, and platforms that have leveraged MatchMove’s Mastercard-enabled solutions to create their own branded financial products.

Looking Forward

The decade-long collaboration between MatchMove and Mastercard has not only driven mutual growth but has also served as a blueprint for the future of embedded finance. By combining MatchMove’s agility and regional expertise with Mastercard’s global reach and trusted infrastructure, the alliance is well-positioned to continue co-creating innovative solutions that drive financial inclusion and shape the digital payments landscape for years to come.

About MatchMove

MatchMove is a leading embedded finance solutions provider that enables any platform to integrate and offer digital financial services through its proprietary Banking Wallet OS. With its “Spend, Send, Lend” capabilities, MatchMove helps partners across Southeast Asia and beyond to create powerful branded digital wallets, prepaid cards, and other financial products. For more information, please visit www.matchmove.com

About Mastercard

Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re building a resilient economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential. www.mastercard.com