Muthoot Fincorp to Launch Blue InnerCircle, a Mobile Wallet Powered by MatchMove

13 July 2016, India—Indian financial corporation Muthoot Fincorp has collaborated with Singapore-based financial technology firm MatchMove® to deliver a customized payment system that includes a virtual card, a physical card, an online dashboard and a mobile application all packaged in a seamlessly integrated mobile wallet called Blue InnerCircle.

Blue InnerCircle is a reloadable mobile wallet that can be used for shopping online, and is accepted by MasterCard partner merchants worldwide. It comes in two forms: a virtual card specifically for use in online transactions, and a physical card by MasterCard. Designed with non-credit cardholders in mind, it can be availed through an easy sign-up process facilitated online, and provides a reliable, safe and secure payment option.

Blue InnerCircle is packed with features including P2P fund transfer, money remittance and expense disbursement, as well as direct links to offers and loyalty facilities. These transactions can easily be made through the Blue InnerCircle mobile app. Given the growing number of mobile phone users in the country who actively rely on their devices to perform a myriad of payment transactions, Blue InnerCircle is the perfect go-to product for active mobile users.

Giving customers the ability to activate multiple cards, users may find Blue InnerCircle an efficient tool for personal financial management. Blue InnerCircle is also safe and secure to use in online transactions, and every time a user attempts to make a payment, a unique security code is generated through the Blue InnerCircle app.

Gitesh Athavale, Senior Vice President and General Manager of MatchMove®, shares, “We are proud to be involved in the development of Blue InnerCircle. We believe that the future of payment is virtual, and we share the common goal of consistently innovating our products and enhancing the development process to bring value to end users.”

Gaurav Mittal, MatchMove®’s Regional Director of South Asia, added, “The launch of Blue InnerCircle is highly anticipated as there has been a rapid growth of mobile wallet adoption in India. Soon, millions more will be able to shop online, pay bills, and send and receive money all through Blue InnerCircle.”

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About MatchMove®

MatchMove® is a financial technology company that provides innovative, end-to-end enterprise payment solutions to help businesses increase revenue and boost user engagement. Our proprietary cloud-based MatchMove Wallet OS™ enables any company to easily offer their customers a secure mobile wallet solution that includes P2P transfer, Remittance, Top Up channels, Virtual Payment Cards, Loyalty Points & Rewards, Promotions & Offers.

MatchMove® has been recognized internationally for its outstanding innovation. In 2014, MatchMove® emerged as the “Top Innovator” in the global fintech competition, SWIFT Innotribe Startup Challenge. In 2013, MatchMove® was ranked as Singapore’s fastest-growing technology company in Southeast Asia in the Deloitte Technology Fast 500 Asia Pacific. In 2012, MatchMove® was also awarded the Red Herring Top 100 Asia and Red Herring 100 Global.

MatchMove® is headquartered in Singapore with offices in Vietnam, Indonesia, Thailand, India and The Philippines.

For more information, please contact:

Jo Sim
Head of Marketing
MatchMove Pay Pte Ltd
jo@matchmove.com