Zaggle Chooses MatchMove to Enhance Mobile Wallet Offering in India

Zaggle Chooses MatchMove to Enhance Mobile Wallet Offering in India

India, 4 November, 2016 – Zaggle, India’s leading digital and analytics company has partnered with Singapore-based award winning fintech company MatchMove, to launch a full-featured prepaid mobile wallet to drive better and faster payment processes in India.

With this launch, Zaggle will target companies and the fast-growing working class to offer both off-the-shelf and custom prepaid gift solutions. Zaggle is leveraging the award winning technology inside MatchMove’s Wallet Operating System to create solutions which will be used in multiple ways: employee rewards and recognition, channel partner incentivization, gifts to customers of corporates and employee benefits. With this tie-up, MatchMove gives Zaggle the speed to market, distribute innovative, mobile, prepaid products that address the growing needs, desires and aspirations of Indian consumers and corporates.

Phani N. Raj, Founder, Zaggle said, “In MatchMove we have found the perfect partner who are truly the leading innovators in the digital payments space. The cornerstone of all our offerings is maximizing value and choice for partners and consumers. Users seek a seamless and ubiquitous experience across the board and with this partnership Zaggle is perfectly poised to offer just that.”

Shailesh Naik, CEO, MatchMove commented, “We are truly honored that Zaggle selected MatchMove after a worldwide hunt for the most competent solutions provider in the digital payments industry. This partnership is in line with our commitment to consistently innovate and provide the best-of-class enterprise solutions to our partners like Zaggle who we believe are revolutionizing the Indian and global payments industry.”

Gaurav Mittal, MatchMove’s Regional Director of South Asia said, “We are extremely excited to be working with Zaggle in offering this unique program. We are confident that Zaggle’s reach within the fast-growing Indian market and their foray into the digital payments space, will ensure the success of this initiative.”

“Leveraging on MatchMove’s scalable, secure and flexible Wallet OS, we are able to maximize the value and choices for our partners and users. We believe that this partnership to integrate the virtual wallet into our system will enable us to our widen our reach in the Indian market,” said Avinash Godkhindi, CEO & Managing Director, Zaggle.”

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 Zaggle

Zaggle is an award-winning digital payments, cashback and analytics company. We help corporates and individuals enjoy gifts and experiences across multiple channels everyday; in the form of employee rewards and recognition, channel partner incentives, employee benefits, online shopping cash back and restaurant cash back- We exist to bring a smile on your face.

Our goal is creating, marketing and distributing innovative payment solutions and we do it everyday through discipline of execution and rapid product development. Our strength lies in our people – we are 100 people strong and growing by leaps and bounds.

Zaggle was founded in 2011 by Phani N. Raj, a serial entrepreneur and seed investor. The word ‘Zaggle’ stands as an antidote to ‘Haggle’. As a founder of the brand merchandising and corporate gifting company eYantra, Raj soon realized that customers were looking for choice and flexibility. When corporates started approaching Raj for a solution, he decided to tackle it with a platform on which the merchants and consumers could seamlessly interact – and Zaggle was born.
Since then, we have grown to six offices across India, with 1000+ corporate clients, 1500+ merchant relationships, over 6 lakhs gift cards in the market, and over 2,50,000 downloads on the Zaggle App.

For more media enquiries, please contact

Joachim Leong
Account Manager, REDHILL Asia
joachim@redhill.asia

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