MatchMove acquired Shopmatic in 2022 to expand its digital payment offerings and leverage Shopmatic's expertise in e-commerce and digital payments to enhance its own payment offerings and provide a complete payment solution for merchants. Together, they have recently launched an all-in-one digital payment solution for merchants, which includes features such as virtual accounts, virtual cards, and wallet top-up services.
Shopmatic Pay enables merchants to manage their finances seamlessly and focus on growing their businesses. This synergy between MatchMove and Shopmatic has brought embedded finance and digital commerce together, creating a "bank in any store" concept for merchants to not only create their store but also easily consume embedded financial services. With Shopmatic Pay, merchants can enjoy the benefits of both worlds, by easily integrating payment solutions into their online stores and providing customers with a seamless payment experience. This will ultimately drive growth for merchants, as they can focus on their core business while leaving the hassle of payments to Shopmatic Pay. As the partnership evolves, Shopmatic Pay will expand to include physical card issuance, promo code auto-generation, and cash-out options, making it a complete digital payment solution for merchants. The collaboration between MatchMove and Shopmatic is a significant step in the direction of empowering merchants to grow their businesses and succeed in the digital economy.
Shopmatic Pay is a comprehensive digital payment solution that offers onboarding of merchants, KYC verification, virtual account, virtual card, transaction information and wallet top-up services. With Shopmatic Pay, merchants can perform debit transactions using the virtual cards provided. "We are excited to launch Shopmatic Pay, to solve the issue merchants in the region face in securing essential services such as remittances, loans, insurance and payments. Shopmatic Pay is a seamless and easy-to-use digital payment solution that provides embedded financial solutions to the merchants," said Nicole Poon, COO of Shopmatic.
“The launch of Shopmatic Pay marks a significant milestone for the company, as it provides merchants with the concept of “A bank in your Shop” and helps to start our vision of realising synergy between embedded finance and digital commerce providing value-added services not just in Singapore but in SEA and beyond!” said Amar Abrol, Co-founder and President of MatchMove, “We believe in empowering merchants to grow their businesses, and Shopmatic Pay is a significant step in that direction.”
In the near future, Shopmatic Pay will also include physical card issuance, promo code auto-generation and cash-out options thus making it a complete digital payment solution for merchants. Merchants will also enjoy a special discount if they subscribe to a Shopmatic subscription plan using Shopmatic Pay!
Shopmatic, a MatchMove Group company, is a leading global e-commerce platform that empowers merchants to build and grow their businesses online. With a focus on simplicity and ease of use, Shopmatic offers an intuitive platform that allows merchants to create their own online stores and sell their products and services to customers around the world.
MatchMove is a leading fintech company, offering a range of innovative financial technology solutions that help businesses streamline their financial processes and improve their overall financial management. The company's solutions include digital banking, payments, and lending, and are used by businesses of all sizes, worldwide.
Headquartered in Singapore, MatchMove has operations in 7 countries across Asia.