Greater convenience and better value for end users in Singapore to Spend and Send money digitally
Singapore, 30 July 2018 – MatchMove today announced that it has tied up with Singapore Post (SingPost) to add more top-up points for its proprietary Banking Wallet OSTM, a payment solution that enables ‘Banking As A Service’ with the capabilities of Spend, Send, LendTM within any app. Starting today, businesses that use MatchMove’s payment solutions will be able to let their users enjoy greater convenience of topping up money into their smartphones through SingPost’s Smart Post Office network, which comprises 57 brick-and-mortar outlets and the SAM Omni-channel platform of 300 self-service automated kiosks, a web portal and a mobile app.
Ms Ashley Koh, SVP and GM of Send, MatchMove, said: “Adding more online and offline top-up points in the heartlands will certainly provide a better support on the operations for our clients who have customers in Singapore. Instead of having to maintain physical and virtual touchpoints, our clients can tap on SingPost’s extensive network and let their customers enjoy the convenience of topping-up at SingPost’s post offices and SAM Kiosks islandwide as well as SingPost’s SAM web and mobile platforms. These top-up points are in addition to the existing options of using credit/debit cards and eNETS for top-ups. They will provide an additional channel for customers to convert cash into digital currency to spend and send money online.”
The first to offer this additional top-up channel to its customers is BOSS Mobile Money app, a remittance service that allows users in Singapore to make fast and secure cross-border money transfers at low cost.
BOSS Mobile Money app empowers foreigners working and living in Singapore to send money back home anytime, anywhere. The app allows users to make remittance transfers from Singapore to The Philippines, Indonesia, India, Bangladesh, China and Malaysia. Users can search and select the best prices (inclusive of transfer fee and foreign exchange rates) to send money and choose from a wide range of payout agents for their loved ones to receive the money. With these additional top-up points, BOSS Mobile Money users can remit money faster and easier than before.
Mr Guntha Raviteja, a regular user of BOSS Mobile Money, said: “I’m glad that now I can go to any SAM Kiosk in my neighborhood at any time and use my bank account to top-up money into the app instantly. I don’t have to worry about having to apply urgent leave or stand in long queues when my family needs money for emergency use back at home in India.”
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 OS enables ‘Banking As A Service’ and the capabilities of Spend, Send, LendTMwithin any app. The platform empowers B2B 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 customized lending solutions.
Envisioning a financially inclusive world as it wages war on cash, MatchMove’s solutions help enterprise clients digitize payments and give the financially underserved segments the empowerment to move their money anytime, anywhere they wish.
MatchMove is licensed by the Monetary Authority of Singapore and authorized 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 recognized with international awards for being a promising and an innovative organization, as well as for being a preferred employer.
MatchMove is headquartered in Singapore with offices in Vietnam, Indonesia, India, Philippines, and the USA. It is opening new offices in South Africa and Dubai to support its global expansion.
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