MatchMove Pay
MatchMove Pay is a Singapore-based embedded finance platform that provides regulated digital wallets, card issuance, and payment infrastructure via APIs to enterprises across fintech, banking, payroll, BNPL, and creator economy segments in over 200 countries.
- Company typePrivate
- Founded2009
- HeadquartersSingapore, Singapore
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What MatchMove Pay does
MatchMove Pay is a Singapore-headquartered embedded finance and Banking-as-a-Service platform founded in 2009, operating across more than 200 countries with a workforce of 101-250 employees. The company provides regulated digital wallet, payment, and card issuance infrastructure that enterprises embed into their own products via APIs, serving fintechs, banks, consumer brands, BNPL providers, payroll operators, creator economy platforms, and the maritime sector.
Its core offering is Banking Wallet OS™, an API-first platform that handles eKYC, multi-currency digital wallets, prepaid and virtual card issuance, payout processing, and merchant acquiring. The platform supports both Mastercard and Visa rails (Mastercard principal membership and Visa Direct issuer status), integrates directly with Singapore's FAST payment network, and operates under a Monetary Authority of Singapore Major Payment Institution Licence (PS20200239). MatchMove holds PCI DSS 4.0.1 and Bangko Sentral ng Pilipinas certifications, has onboarded more than 3 million users, and has issued over 4 million co-branded cards.
MatchMove generates revenue through a combination of transaction-based fees on its processed payouts (cumulative volume exceeding $5 billion), interchange on co-branded card programmes, platform subscription and integration fees, and enterprise licensing of Banking Wallet OS™. Its go-to-market is enterprise-led, with more than 100 institutional clients across Southeast Asia (including subsidiary PT MatchMove Indonesia), the Middle East, and other markets. Strategic capital deployments include the 2022 acquisition of Shopmatic and a cumulative equity base above $183 million raised across multiple funding rounds since 2009.
MatchMove Pay firmographics
Firmographics- Name
- MatchMove Pay
- Legal name
- MatchMove Pay Pte Ltd
- Website
- https://matchmove.com
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- MatchMove Pay is a Singapore-based embedded finance platform that provides regulated digital wallets, card issuance, and payment infrastructure via APIs to enterprises across fintech, banking, payroll, BNPL, and creator economy segments in over 200 countries.
- Ownership category
- akta.pro rank
MatchMove Pay industry classification
Industry- Product category
- Embedded Finance / Banking-as-a-Service
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Credit Card Issuing (52221)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)
- akta.pro secondary industries
- Digital Wallet Platforms (Consumer & Merchant) (BPAMAFAC), Payables & Disbursements (ACH/SEPA, wires, checks, virtual cards) (FSABAIAB), Alternative Payment Methods (APMs) Enablement (BNPL, wallets, local methods) (FSAMACAE)
Keywords
Where MatchMove Pay is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices7 records
Markets served
MatchMove Pay business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales, Others
Revenue model
- Transaction & Interchange Fees: Revenue from interchange fees on card transactions, cross-border remittance fees, and transaction processing charges. Includes FX spreads on currency conversion services.
- Platform/Subscription Fees: Fees for access to Banking Wallet OS™ infrastructure, API access, and platform management tools. Tiered pricing based on transaction volume and feature access.
- Interchange Revenue Share: Platforms earn interchange revenue when creators use co-branded cards for purchases. The payout cost becomes a revenue stream for platform operators.
- Card Program Management: Fees for end-to-end card program management including issuance, processing, and compliance. Covers physical card production, logistics, and distribution.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise and platform pricing with custom quotes based on volume and features |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels6 records
MatchMove Pay product offering
Product offeringCore offering
MatchMove Pay operates an API-first embedded finance and Banking-as-a-Service platform, branded Banking Wallet OS™, that enables businesses to launch cards, wallets, virtual accounts, and cross-border payment capabilities through a single integration. The company holds a Monetary Authority of Singapore Major Payment Institution license (PS20200239) and serves as program manager, providing licensed infrastructure so that fintechs, digital banks, and enterprise platforms can offer financial services without becoming a bank.
Product overview
MatchMove Pay operates as an API-first embedded finance and Banking-as-a-Service platform offering a modular product portfolio centered on its Banking Wallet OS™. The core product suite includes Virtual Accounts (infrastructure-light stored value ledger with named virtual IBANs for global collections), Card Issuing (branded virtual and physical card programs with JIT funding controls), Global Payouts (cross-border payments across 200+ countries via SWIFT and Mastercard Remittance), Digital Currencies (crypto-to-fiat conversion and crypto card management), and SGD FAST (direct instant SGD transfers via Singapore's national payment infrastructure). Industry-specific solutions span Fintech & Digital Banking, BNPL Infrastructure, SME Lending, Creator Economy Payments, Global Payroll/EOR, and Maritime Payroll. All capabilities are accessible through RESTful APIs with a unified integration approach, enabling platforms to launch financial services in 8-12 weeks.
Differentiator
Problem solved
Functional benefit
Brands
- Banking Wallet OS™: Core embedded finance platform enabling businesses to integrate payment solutions, virtual accounts, card programs, and remittance services
- A Bank in Any App™
Products and services
- Virtual Accounts Infrastructure-light stored value ledger system providing named virtual IBAN accounts for seamless global payment collections, real-time reconciliation, and multi-currency support.
- Card Issuing Branded card program issuance platform enabling virtual and physical cards with flexible JIT funding controls, spending limits, and global acceptance via Visa and Mastercard.
- Global Payouts Cross-border payment infrastructure enabling instant international transfers across 200+ countries through SWIFT and Mastercard Remittance networks with multi-currency support.
- Digital Currencies Crypto-to-fiat conversion and digital currency card management platform enabling users to spend digital assets anywhere Visa and Mastercard are accepted.
- SGD FAST Direct FAST connectivity for instant SGD transfers, providing 24/7/365 real-time interbank transfers as a Major Payment Institution without bank intermediary dependency.
- Banking Wallet OS Unified embedded finance platform combining virtual accounts, card programs, wallets, and global remittance capabilities through a single API-first integration.
- Fintech & Digital Banking Solutions Comprehensive financial stack for fintechs and digital banks including multi-currency wallets, virtual IBANs, escrow accounts, and full regulatory compliance across Asia and the Middle East.
- Buy Now, Pay Later (BNPL) Infrastructure BNPL platform infrastructure enabling flexible payment options at any Mastercard merchant with just-in-time loan disbursement and automated settlement.
- SME Lending Infrastructure Instant loan disbursement and collection infrastructure enabling lenders to push funds to borrower accounts across 40+ countries with automated reconciliation.
- Creator Economy Payment Solutions Instant payout, co-branded creator card, digital wallet, and KYC platform for creator platforms enabling payouts to 200+ countries within 8-12 weeks integration.
- Global Payroll & EOR Payment Solutions Multi-currency payroll infrastructure for EOR companies and mobile workforce management, supporting instant payments to 150+ countries with white-label card options.
- Maritime Payroll Solutions Digital payroll solutions for shipping companies managing 1.9 million seafarers with USD digital wallets, global payment cards, and in-app family support payouts.
Quantifiable outcome
- Settlement times reduced from T+3 days to real-time for global payouts
- +4 more outcomes
Companies that use MatchMove Pay
Customer profileNamed customers11 records
Segments8 records
Ideal customer profiles7 records
MatchMove Pay technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability5 records
Feature8 records
MatchMove Pay partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered flagship, core and supporting.
- MastercardflagshipCelebrating a decade of collaboration in driving embedded finance and financial inclusion. Mastercard principal member status enabling card issuance and remittance capabilities. Strategic partnership for product development and market expansion across Asia-Pacific.
- Bank IndexcoreStrategic partnership launching co-brand debit card in Indonesia to support financial inclusion. MatchMove provides embedded finance technology; Bank Index provides banking infrastructure and customer base.
- SalmoncoreLaunch of Salmon Access Card in partnership with Asia United Bank (AUB) and MatchMove. Co-branded debit card enhancing financial inclusion across Southeast Asia.
- BitDATA ExchangesupportingPartnership to transform corporate crypto transactions. MatchMove enables digital currency infrastructure for BitDATA Exchange corporate clients.
- StripecoreCollaboration to expand MatchMove's international presence. Integration enabling MatchMove-powered platforms to leverage Stripe's global payment infrastructure.
- Roecny Digital BankingcoreCreator payout platform using Banking Wallet OS™ for multi-corridor remittance. Handles enterprise-scale B2B transactions and cross-border payments to influencers across Asia and North America.
- NAMDAcoreUSD virtual accounts, prepaid cards, and global remittance solutions through Banking Wallet OS™. API-first architecture enabling seamless integration for digital finance operations.
- European Credit Investment Bank (ECIB)coreCard issuance program leveraging MatchMove's Singapore regulatory standing and governance framework. API-driven architecture aligned with ECIB's digital-first strategy.
- Infii FinancesupportingBanking infrastructure partnership providing regulatory compliance and volume handling without building complexity. Banking Wallet OS™ powering Infii Finance platform.
- RemotePasscorePartnership enabling streamlined worker compensation management in USD. MatchMove's fintech expertise combined with RemotePass platform for automated payroll for remote teams.
- Maxi-CashsupportingMaxiPAY neobanking solution enabling Maxi-Cash customers to access digital banking experience. MatchMove provides infrastructure and customer education support.
- Singapura FinancecoreLaunch of Vivid savings account combining high-interest deposits with prepaid Mastercard and digital wallet. Powered by MatchMove's Banking-as-a-Service platform.
- Tribe BenefitscoreTribeCard powered by MatchMove wallet and virtual card solution since 2023. Enables employee benefits programs with real-time spending control and mobile access through TribeGO app.
- LuLu Money PhilippinessupportingPartnership empowering LuLu Money PH's remittance and payment experience through MatchMove infrastructure.
- BancNetsupportingPartnership for BNPL payment processing and settlement in the Philippines. BancNet network enables seamless card transactions for BNPL providers.
Scale indicators10 records
Recent moves6 records
Expansion highlights5 records
MatchMove Pay competitors and assessment
Company assessmentDirect peers
- Marqeta: Marqeta is a leading modern card issuing platform with a developer-first API model, directly comparable to MatchMove's card issuing and embedded finance offerings. Both serve fintechs, neobanks, and enterprises launching branded card programs.
- Airwallex: Airwallex is an Asia-Pacific-headquartered cross-border payments and embedded finance platform. Directly comparable to MatchMove's global payouts, multi-currency accounts, and embedded finance infrastructure targeting similar APAC enterprise customers.
- Rapyd: Rapyd is a global fintech-as-a-service platform offering card issuing, payments, and banking infrastructure through APIs. Closely aligned with MatchMove's Banking Wallet OS platform model serving platforms and enterprises worldwide.
- Nium: Nium is a Singapore-headquartered cross-border payments and embedded finance platform. Highly comparable to MatchMove's global payouts and remittance capabilities with similar APAC geographic focus and fintech customer base.
- Galileo Financial Technologies: Galileo (owned by SoFi) provides card issuing and payments infrastructure APIs to fintechs and banks. Directly comparable to MatchMove's Banking Wallet OS platform in product scope and target customer base.
- Banking Circle: Banking Circle is a licensed BaaS provider offering payment infrastructure for banks and fintechs. Comparable to MatchMove's embedded finance and regulated payment institution positioning with similar cross-border capabilities.
- Currencycloud: Currencycloud (now part of Visa) provides cross-border payment infrastructure for fintechs and banks. Comparable to MatchMove's global payouts and multi-currency virtual account infrastructure for enterprise and platform customers.
Broad incumbents
- Stripe (Issuing & Treasury): Stripe Issuing and Stripe Treasury provide card issuing and embedded finance infrastructure as part of Stripe's broader payments platform. While broader than MatchMove's niche focus, it competes directly for the same fintech and platform customers across APAC.
- Adyen: Adyen is a global payments platform serving enterprise merchants with unified processing, including issuing and embedded finance capabilities. Overlaps with MatchMove's payment processing infrastructure serving large enterprise platforms.
Regional players
- Solaris SE: Solaris is a European Banking-as-a-Service platform providing card issuing, payments, and banking infrastructure. Comparable to MatchMove's BaaS model and licensed infrastructure approach, though focused on European rather than APAC markets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
MatchMove Pay social profiles
Digital presenceMatchMove Pay compliance and trust
Trust signalCompliance4 records
MatchMove Pay financial estimates
Financial estimateRevenue estimate
Valuation estimate
MatchMove Pay leadership team
Management profileNumber of profiles
Profiles3 records
MatchMove Pay subsidiaries and ownership
Company hierarchySubsidiaries1 record
MatchMove Pay funding detail
Funding detailFunding overview
Funding rounds12 records
Investors8 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MatchMove Pay M&A and investment
M&A and investmentM&A1 record
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MatchMove Pay
What does MatchMove Pay do?
MatchMove Pay operates an API-first embedded finance and Banking-as-a-Service platform, branded Banking Wallet OS™, that enables businesses to launch cards, wallets, virtual accounts, and cross-border payment capabilities through a single integration. The company holds a Monetary Authority of Singapore Major Payment Institution license (PS20200239) and serves as program manager, providing licensed infrastructure so that fintechs, digital banks, and enterprise platforms can offer financial services without becoming a bank.
Is MatchMove Pay a public or private company?
MatchMove Pay is a private company. It is classified as venture growth investor backed and is currently operating.
When was MatchMove Pay founded?
MatchMove Pay was founded in 2009. It employs 101 to 250 people.
Where is MatchMove Pay based?
MatchMove Pay is headquartered in Singapore, Singapore, in the Asia region.
How does MatchMove Pay make money?
Four revenue lines are on record. Transaction & Interchange Fees are the primary driver. The others are platform/Subscription Fees, interchange Revenue Share and card Program Management.
Who are MatchMove Pay's main competitors?
Direct peers on record are Marqeta, Airwallex, Rapyd, Nium, Galileo Financial Technologies, Banking Circle and Currencycloud. Broad incumbents are Stripe (Issuing & Treasury) and Adyen. Solaris SE is listed as a regional player.
Does MatchMove Pay have an API?
Yes. MatchMove offers an API-first embedded finance platform with RESTful APIs for seamless integration. The platform provides developers with full documentation, integration testing environment, and webhook support. Capabilities include virtual accounts, card programs, global payouts, and compliance workflows accessible via API.
What industry is MatchMove Pay in?
MatchMove Pay's product category is Embedded Finance / Banking-as-a-Service. Its primary akta.pro industry code is FSAGALAB, Embedded Payments (Pay-ins, Pay-outs, Wallets), with a secondary code of BPAMAFAC, Digital Wallet Platforms (Consumer & Merchant). Its NAICS code is 52232 and its SIC code is 6199.