TPBank selects MatchMove to Drive Growth in Mobile Payments

TPBank selects MatchMove to Drive Growth in Mobile Payments

Award winning Vietnamese bank to launch into billion dollar e-commerce market in March 2015

MatchMove Pay today announced that TienPhong Commercial Joint Stock Bank (TPBank), Vietnam’s award-winning bank has selected MatchMove Pay’s innovative mobile wallet and virtual cards Platform-as-a-Service (PaaS) solution to drive growth and acquisition in new unreached markets, and to offer its customers a new mobile payments method for online goods and services.

TPBank was awarded the ‘Most Innovative Digital Bank’ of Vietnam in 2014 and is widely recognised in the finance industry for being early adopters of innovative modern technology to deliver breakthrough financial services to its customers and to lead into new untapped market segments to drive business growth and expansion. The award-winning, fully customizable mobile wallet and payment card platform of the MatchMove Wallet will enable TPBank to be able to reach the large but previously unreachable unbanked and uncarded market segments.

“As a market innovator, we are committed to delivering effective and easily accessible products and services of the latest modern technology to our customers. At the same time, we believe that identifying and driving fast growth in new market segments can be critical for TPBank. Therefore, the decision to adopt MatchMove Wallet’s platform solution, which allows us to execute fast with a trusted partner, was a very timely and easy one as we were already looking to expand into the mobile payments space,” said Mr Pham Dong Anh, Deputy CEO of TPBank.”

He added, “TPBank’s largest shareholders are major players not just in the field of Finance, but also Information Technology and Telecommunications, one of them being the second largest telco in Vietnam with more than 20 million mobile subscribers. We believe that we have the right expertise and understanding of these new markets to be able to break into these segments and in bringing in the millions of uncarded and unbanked users, with mobile phones, into the mobile payments and e-commerce space.”

“Our solution meets all the security and performance needs of demanding banks like TPBank, while being architected for maximum customisation and creating a unique, differentiated experience for the bank’s end-users. We are delighted that TPBank has chosen our platform to deliver innovative mobile payment services quickly and easily, thereby bringing safe access to millions of local and global merchants from MasterCard and American Express directly into every customer’s mobile phone experience”, says Shailesh Naik, Founder and CEO of MatchMove Pay.

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About MatchMove Pay

MatchMove Pay is Singapore’s fastest growing technology company, providing innovative enterprise solutions to help businesses increase revenue, user engagement and loyalty through the strategic use of our customizable cloud-based platforms.

In 2014, MatchMove Pay launched the MatchMove Wallet, Asia’s first mobile wallet and mobile payment card, in partnership with American Express. The MatchMove Wallet is a Platform-as-a-Service that enables any major consumer brands, banks, telcos and regional e-commerce sites to easily issue secure mobile payment cards to reach millions of potential shoppers with smartphones in Asia and emerging markets. The wallet also supports other major networks like MasterCard, Visa, Union Pay and JCB.

MatchMove Pay has been consistently recognised internationally for its outstanding innovation. This year, MatchMove Pay defeated a strong line-up of 14 other finalists to emerge as “Top Innovator” in the highly competitve global fintech competition, the SWIFT Innotribe Startup Challenge at SIBOS in Boston. The company was also ranked as Singapore’s fastest-growing technology company in Southeast Asia in the Deloitte Technology Fast 500 Asia Pacific in 2013 and also awarded the Red Herring Top 100 Asia and Red Herring 100 Global in 2012.

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About TP Bank

Tien Phong Commercial Bank (TPBank) was founded in May, 2008 with the largest shareholders being Financial, Information Technology and Telecommunication corporations. TPBank currently has more than 40 branches across Vietnam.

In 2008, TPBank launched automatic bank 24/7 and Internet Banking and was issued ISO 9001 certificate for more than 2000 activities, goods and services. TPBank always provides the most outstanding financial solution and banking products for customers by adopting latest technology and improving management skills. Along with TPBank’s slogan “A deeper understanding”, TPBank wants to become the best digital banking in Vietnam by improving the performance and quality of goods and services.

Due to the endless effort, TPBank was awarded Certificate of Vietnamese Prime Minister and Certificate of Governor of Vietnamese bank and is widely recognized in financial industry. Especially, in 2014, not only “The most innovative Digital Bank” was awarded by Global Financial Market Review, TP Bank but also was awarded for Mobile Banking, My Ebank and top 5 Internet Banking. It is also the priceless encouragement for TPBank in order to deliver breakthrough financial services to customers and lead into the new market segment to drive business growth and expansion.

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