MatchMove India, one of the fastest-growing FinTech companies in South East Asia, has announced a strategic partnership with, Zenpay Solutions Private Limited, a digitally enabled Salary Account program provider that encourages SMEs and MSMEs to transfer salaries to their workers (blue-collared) via digital payment methods.
Through this partnership, Zenpay Solutions will provide next-generation physical cards that are linked to the employees’ salary accounts. Apart from its aim to strengthen its product portfolio, this partnership with MatchMove will allow Zenpay to significantly enhance the user experience in this category.
Mr Ankit Bhargava, Founder – Zenpay Solutions Private Limited, said, “The tie-up with MatchMove has helped us enrich our customer experience. The overall process has become much simpler and quicker. With the advanced technology solutions from MatchMove, both employers and employees will be freed from the inefficiencies and risks of cash distribution and handling. Now, they can seamlessly avail the facility of a digital salary account and other benefits.”
Speaking on the development, Mr Kumar Srinivasan, spokesperson of MatchMove Dynamic, added, “It goes without saying that MSMEs form the backbone of every Asian economy, and in this context contributing around 29% to the GDP of India. The financial inclusion of MSME employees, therefore, is imperative for the country’s overall economic growth. Unfortunately, a majority of them don’t even have a bank account, let alone having access to digital wallets or card-based payment solutions. Zenpay Solutions has made significant strides in driving digital payments adoption among MSMEs. We are delighted to extend our support to such a value-driven organization like Zenpay and be part of the country’s journey towards becoming a more financially inclusive society.”
It is to be noted that MatchMove recently launched their next-generation mobile payments platform, MatchMove LightSpeed. That will enable secure payments solutions across lending, corporate expense management, gift cards, remittance, money transfer businesses, and many more. MatchMove launched the MatchMove Lightspeed ™ product in India in July and will launch the same product in Singapore, the Philippines, and Vietnam in Q4 of calendar 2019.
“MatchMove Lightspeed ™ enables businesses to build their own customized app on-the-go. They can launch virtual cards instantly and branded physical cards within three business days, thus, enabling a business to launch their fully-secured payments solutions faster, provide a great experience to their customers, and stand ahead of the competition,” Mr Kumar Srinivasan mentioned.