SimplyTapp and MatchMove Partner to Offer Secure Mobile Contactless Payments
09 May 2016, Singapore and Austin, TX—SimplyTapp, the creators of Host Card Emulation, and MatchMove Pay, leaders in Banking-As-A-Service platform, have agreed on a strategic partnership to roll out HCE-based mobile contactless payments globally.
Host Card Emulation (HCE), created by SimplyTapp, enables the mass adoption of mobile contactless transactions, independent of secure elements and carrier networks. Financial institutions and card issuers running on the MatchMove platform can implement HCE-enabled mobile contactless payments quickly and cost effectively. This solution will be available across card networks.
Doug Yeager, CEO and Co-Founder of SimplyTapp, said, “Our partnership with MatchMove enables millions of consumers to start tapping and paying with their mobile phones. This is a significant step towards enabling mass cashless transactions in some of the biggest markets worldwide.”
Shailesh Naik, CEO and Founder of MatchMove Pay, commented, “Markets are already actively using secure mobile payments, and we believe it is the right time to push ourselves and introduce it globally by partnering with SimplyTapp. This partnership is all about the future of how we pay.”
With the growth of mobile phone ownership and usage in Asia and the world, it is predicted that in-app and point-of-sale mobile payments will be gaining traction soon, and will become the most common means of processing transactions. To help markets keep abreast of these changes, MatchMove will soon offer these services to more and more companies globally.
Gitesh Athavale, SVP and General Manager of MatchMove Pay, remarked, “HCE bridges the gap between card issuers and customers, making mobile payments a reality as customers pay in-app and at point-of-sale. There are several practical applications for HCE technology across industries, including retail, transit, ticketing and hospitality. It also provides a contactless payment and mobile banking experience that is not only secure and endorsed by major local and international card network, but easier to provision with, scalable for growth and flexible to future needs.”
SimplyTapp was founded by Doug Yeager and Ted Fifelski in 2011. Based in Austin, Texas, SimplyTapp created Host Card Emulation (HCE) which has revolutionised mobile contactless payments worldwide. SimplyTapp’s technology powers payment functionality on Android devices for card-issuing banks and provides a simple and secure transaction environment for industries including retail, transit, ticketing, and hospitality.
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About MatchMove Pay
MatchMove Pay is Singapore’s fastest growing financial technology company, providing innovative enterprise solutions to help businesses increase revenue, boost user engagement and keep customer loyalty through the strategic use of customisable cloud-based platforms and fully-integrated payment systems.
The proprietary cloud-based MatchMove Wallet is an award-winning, entirely customisable mobile wallet and payment card Platform-as-a-Service (PaaS), providing leading banks & corporations in the Asia Pacific region a safe and secure payment card service solution.
MatchMove Pay has since been recognised internationally as a company for its outstanding innovation. Last year, MatchMove defeated a strong line-up of 14 other finalists to emerge as “Top Innovator” in 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 Pay is headquartered in Singapore with offices across Asia.
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