MatchMove will provide its Banking-as-a-Service capabilities to Shopmatic’s ecosystem of over 500,000 eCommerce small and medium-sized businesses (SMBs) and individual entrepreneurs across the region. Shopmatic and their merchants leverage MatchMove capabilities to resolve pain points associated with managing payments and receivables at scale.
Every merchant of Shopmatic will be offered access to a payment gateway through MatchMove, enabling their buyers to make payment seamlessly. It comes with a virtual account linked to MasterCard, ensuring they receive their daily sales funds. This solution also helps Shopmatic and its merchants improve their receivables and reduce their cost of managing payments.