Only 1® Mastercard Gift Card enables those who do not have online banking or credit cards to shop at extensive merchants island-wide.
Singapore, 15 January 2019 - MatchMove, one of the world’s fastest-growing and leading fintech companies, today announced that it has partnered with Blackhawk Network, a global financial technology company and a leader in connecting brands and people, to launch the “Only 1® Mastercard Gift Card” in Singapore. Powered by MatchMove’s proprietary Banking Wallet OSTM, Only 1® Mastercard Gift Card is perfect for smartphone users who do not have access to online banking, credit cards or other digital payment methods, or those who prefer not to use credit or debit cards but want to enjoy digital commerce. The payments solution lets users spend across e-commerce sites and brick-and-mortar shops island-wide where Mastercard is accepted while enjoying the unique “Dynamic CVC” security feature.
Students, domestic helpers and foreign workers in Singapore can purchase the gift card and use it at eligible merchants across Singapore where Mastercard is accepted. When shopping online, the Dynamic CVC feature enhances the security level of online payment where a new CVC code will be generated for each online transaction. In addition, digital payment methods allow users to keep track of their expenses via Only 1® Mastercard Gift Card’s website.
“We are pleased to partner with MatchMove on the launch of the Only 1® Mastercard Gift Card in Singapore,” said Nick Sadlier, Country Manager, Singapore, Blackhawk Network. “The Only 1® Mastercard Gift Card expands financial inclusion for the unbanked or cash customers, and enables them to enjoy the convenience of shopping online ― just in time for the festivities.”
Deborah Heng, Country Manager, Mastercard Singapore, said, “As the world becomes more digitally led, the Only 1® Mastercard Gift Card is the ideal way to cater to the financial needs of consumers, including international students, domestic helpers and foreign workers. With Mastercard widely accepted globally, this strengthens our ability to drive inclusive growth and positively impact the underbanked, enabling them to enjoy shopping both online and in store in a safe and seamless manner anywhere in the world.”
Shailesh Naik, Founder & CEO of MatchMove, said, “We are delighted to add another leading global company to MatchMove’s list of trusted partners. Being the engine behind Only 1® Mastercard Gift Card helps us to empower the financially underserved segments to enjoy shopping anywhere, anytime, in today’s app world.”
Only 1® Mastercard Gift Card can be purchased at over 70 New Post Network’s quick service stores and kiosks islandwide. The gift card value is available in SGD 88, SGD 100 and SGD 200 denominations.
To make purchases online or over the phone, users need to visit the website www.only1giftcard.com.sg to register the gift card with the 16-digit card number, mobile number and a password.
Only 1® is a registered trademark of Blackhawk Network in Australia and a pending trademark of Blackhawk Network in Singapore.
Blackhawk Network Holdings, Inc. is a global financial technology company and a leader in connecting brands and people through branded value solutions. Blackhawk platforms and solutions enable the management of stored value products, promotions and rewards programs in retail, e-commerce, financial services and mobile wallets. Blackhawk’s Hawk Commerce division offers technology solutions to businesses and direct to consumers. The Hawk Incentives division offers enterprise, SMB and reseller partners an array of platforms and branded value products to incent and reward consumers, employees and sales channels. Headquartered in Pleasanton, Calif., Blackhawk operates in 26 countries. For more information, please visit BlackhawkNetwork.com, CashStar.com,
HawkCommerce.com, HawkIncentives.com or our product websites GiftCards.com,GiftCardMall.com, Cardpool.com, GiftCardLab.com and OmniCard.com.
MatchMove is one of the world’s fastest growing and most disruptive fintech companies in digital payments and next-generation banking.
MatchMove’s proprietary Banking Wallet OSTM enables ‘Banking As A Service’ and the capabilities of Spend, Send, LendTM within any app. The platform empowers businesses and their customers to Spend both online and offline easily and safely, via instantly issued prepaid cards on major card networks. Its Send capabilities include P2P domestic transfers, cross-border remittances, P2M and mass disbursements to global recipients. MatchMove platform further extends to Lend, where credit scores are assigned based on customers’ spending and sending patterns to offer customised lending solutions.
Envisioning a financially inclusive world as it wages war on cash, MatchMove’s solutions help enterprise clients digitise payments and give the financially underserved segments the empowerment to move their money anytime and anywhere.MatchMove is licensed by the Monetary Authority of Singapore and authorised by leading card networks to issue virtual and physical cards directly to users in approved jurisdictions, or anywhere else in the world with partner banks.The company has been recognised with international awards for being a promising and an innovative organisation, as well as for being a preferred employer.MatchMove is headquartered in Singapore with offices in India, Indonesia, Vietnam and The Philippines.