First in Singapore and across Asia to enable virtual cards with network agnostic, secure ‘tap-and-go’ technology.
Singapore, October 24, 2016 – Leading financial technology company MatchMove today announced that its award winning Wallet Operating system (OS) is now being enabled with a “Host Card Emulation” (HCE) function. The successful integration of this technology is a result of its strategic partnership with US-based SimplyTapp, one of the world’s leading independent creators of advanced contactless technologies. This is expected to be a game-changer for all of MatchMove’s existing partners and future customers who want to offer a contactless experience to millions of consumers globally, but do not want to be tied to a specific payment network.
“By leveraging on SimplyTapp’s expertise in HCE and pairing it with our current MatchMove platform, we are enabling our customers who use our OS for a wide range of new services and capabilities, such as using only a virtual card for physical payment, using the virtual wallet for loyalty across multiple merchants and even for instant cross-border remittance. This further differentiates MatchMove from other payment solutions that still require digitising plastic cards on mobile devices.” said Shailesh Naik, CEO, MatchMove.
MatchMove’s HCE-enabled technology is device agnostic and able to operate on any Android device (4.4 and above) with NFC (near field communication) capability. Starting in Singapore, users with MatchMove-powered virtual cards will soon be able to enjoy a hassle-free tap and pay experience at relevant NFC-enabled in-store terminals, for instance, Mastercard’s Paypass. The Asiawide capability will be available for new enterprise and startup customers by the end of Q4.
Ted Fifelski, President and Co-Founder, SimplyTapp, said, “We are excited to be working with MatchMove to offer our joint-technologies to reach millions of mobile consumers globally. We are certain that this development is a significant step in allowing consumers who are already a part of this transaction method to not only go cashless but also eliminate physical cards from their wallets.”
“With our new HCE-enabled technology, there is no need for any of our business partners to invest in additional hardware if they use MatchMove’s HCE-enabled products, saving them time and money.” said Kaustuv Ghosh, SVP & Product Evangelist, MatchMove.