VTC Partners with MatchMove Pay to Provide Mobile Payment Services to 30 Million Users in Vietnam
08 April 2016, Singapore—At a major nationally-televised event, VTC Intecom and MatchMove Pay announced their collaboration for a new mobile payment service for up to 30 million users, making VTC the first major online games developer and publisher to partner with MatchMove Pay in Vietnam.
VTC Technology and Digital Content Company ( VTC Intecom) is a subsidiary of Vietnam Multimedia Corporation – VTC, which in turn, is the largest corporation in Vietnam that specialises in developing payment services, e-commerce, media, and online games. VTC is one of the few selected companies approved by the Central Bank of Vietnam as a provider of payment intermediary services. As of today, VTC has more than 30 million end-users and almost 10 million active customers per month.
Headquartered in Singapore, MatchMove is Asia’s fastest growing mobile payments technology company, providing innovative enterprise solutions to help businesses increase revenue, user engagement, and loyalty through the strategic use of secure, certified, customisable cloud-based platforms. Uniquely, MatchMove is one of the very few worldwide mobile payment platforms-as-a-service authorised by MasterCard and American Express to issue cards directly to users in approved jurisdictions, or anywhere else in the world with partner banks. MatchMove has already enabled leading banks and brands across several industries—including e-commerce, transport, and e-wallets—with a financial platform which helps millions of users around the world access bank-grade mobile payment and remittance services.
The agreement between the two organisations includes cooperation on market research and advanced strategy for further expansion of the heavily demanded mobile virtual card platform in Vietnam. MatchMove will provide its PCI-DSS certified technical platform, advanced services as well as training, consultancy and knowledge sharing of developments in other international markets serviced by MatchMove.
Speaking at the event, Mr. Nguyen Thanh Hung, Chief Executive Officer of VTC Intecom, said, “VTC has always wished to bring the highest-quality and most convenient value-added services to our users. With this innovative virtual card, our customers nationwide will be able to register within a few clicks and instantly own an international payment card which is issued by well-known networks, such as MasterCard and Visa. They can then use this virtual card for purchases at any e-commerce merchant in Vietnam and abroad. We always innovate and develop new services which aim to bring ultimate satisfaction for our users. We are delighted for this cooperation with MatchMove that is opening new opportunities for both of our companies and our users.”
Representing MatchMove to sign this Agreement with VTC at the event, Mr.Akihiro Matsuda, Board Director of MatchMove Pay, commented, “To be selected by an important and strategic organisation like VTC is an honour for MatchMove. With this collaboration, we will be demonstrating the advanced architecture of our platform so that in the very near future, all VTC customers in Vietnam will be able to sign up for an international payment card within two minutes and use it immediately to pay for in-app items, as well as other services, through VTC’s websites and mobile app very quickly, conveniently, anytime, anywhere.”
“Vietnam is one of the most dynamic mobile markets in Asia, with millions of users wanting high-quality content and highly talented app developers constantly creating new content that is appreciated both in-country and increasingly abroad. VTC will further accelerate the growth of this market by introducing a secure, fast and convenient payment method for all its users,” added Shailesh Naik, Chief Executive Officer of MatchMove Pay.
About MatchMove Pay
MatchMove is Singapore’s fastest growing mobile payments technology company, providing innovative enterprise solutions to help businesses increase revenue, user engagement, and loyalty through the strategic use of our customisable cloud-based platforms. The MatchMove Wallet is a B2B platform-as-a-service that enables any major consumer brands, banks, lifestyle apps, 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 full-service platform comes with the capability to issue virtual and physical cards from major networks like American Express, Visa, RuPay, MasterCard, UnionPay, and JCB. Uniquely, MatchMove is one of the very few worldwide mobile payment platform-as-a-service authorized by MasterCard and American Express to issue cards directly to users in approved jurisdictions, or anywhere else in the world with partner banks.
MatchMove Pay has been recognised internationally for its outstanding innovation, including “Global Top Innovator” at SIBOS in Boston and ‘”Top FinTech Disruptor” at the FST/Asean Banking Conference in Singapore. The company was ranked as Singapore’s fastest-growing technology company in Southeast Asia in the Deloitte Technology Fast 500 Asia Pacific in 2013.
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