OnePay Selects MatchMove to Connect Blockchain Assets to Payments
Singapore, 1 November 2016 – OnePay, which connects blockchains to real-world financial services today, announced that it has selected MatchMove’s award winning Wallet Operating System, to power OnePay’s ONEBIT, a blockchain wallet which lets users convert blockchain assets to local currency and make payments anywhere – the first of its kind in Asia.
“This partnership with OnePay further enhances the existing functions of the assets on blockchain with MatchMove’s Wallet OS capability. Enabled with our technology, OnePay users will now not only be able to make online payments, but also use it offline to make point-of-sales transactions as well,” said Shailesh Naik, CEO, MatchMove.
There is a growing worldwide acceptance of distributed ledger technology — popularly known as blockchain — and the view that it will bring a radical shift in the way we think about financial assets and the way the financial industry will operate in the future. Assets, stocks, and other digital tokens on the blockchain are perhaps some of the more powerful and exciting use-cases for blockchain technology. It would allow stocks, bonds, tickets, reward points, digital keys, and other assets to be exchanged securely.
Toby Hoenisch, CEO, OnePay, said, “The results that we have seen in our relationship with MatchMove has us astounded especially with how easy it was to integrate our blockchain with the MatchMove Wallet OS. This shows how quick and compatible both our technologies are with each other,” He adds, “This development is definitely a real breakthrough as Asia’s first blockchain wallet that will open the possibility of blockchain to end users.
“It is our commitment to consumers to consistently innovate and provide the best-of-class user experience solutions by integrating new technologies to our unique secured Wallet OS. By having OnePay now on board as a partner and user of the MatchMove Wallet OS, we will not only extend the new capabilities of the assets on blockchain to current users, but together, cater to new market segments who can use it as ‘cash’ for payments – made possible with our technology,” said Gitesh Athavale, SVP & General Manager, 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 Pay 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.
About OnePay Pte Ltd
ONEPAY connects blockchain assets to real-world financial services, allowing anyone with a smartphone to gain access to financial services with only a fraction the cost of traditional infrastructure – there is little incentive for merchants to add an additional payment gateway. As such, there has been a lack of genuine use cases where assets on blockchain can be used for day-to-day retail transactions.
By tapping on MatchMove payment processing capabilities, OnePay avoids the hassle of requiring merchants to adopt a new payment gateway by allowing users to convert their assets instantaneously when they transact at the point-of-sale (POS) terminal.
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