MatchMove Pay

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.

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

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

• Embedded finance platform
• Banking-as-a-service
• Card issuing infrastructure
• Cross-border payments
• Virtual account ledger

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. 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.
2. 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.
3. 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.
4. 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

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core 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

Named customers11 records

Segments8 records

Ideal customer profiles7 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability5 records

Feature8 records

Partnerships

15 partnerships are on record, tiered flagship, core and supporting.

• MastercardflagshipStrategic or Co-development Partner · 26 February 2026Celebrating 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 or Co-development Partner · 13 June 2025Strategic 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.
• SalmoncoreStrategic or Co-development Partner · 16 December 2024Launch of Salmon Access Card in partnership with Asia United Bank (AUB) and MatchMove. Co-branded debit card enhancing financial inclusion across Southeast Asia.
• BitDATA ExchangesupportingTechnology or Integration · 8 September 2023Partnership to transform corporate crypto transactions. MatchMove enables digital currency infrastructure for BitDATA Exchange corporate clients.
• StripecoreTechnology or Integration · 12 July 2023Collaboration to expand MatchMove's international presence. Integration enabling MatchMove-powered platforms to leverage Stripe's global payment infrastructure.
• Roecny Digital BankingcoreTechnology or IntegrationCreator 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.
• NAMDAcoreTechnology or IntegrationUSD 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)coreTechnology or IntegrationCard issuance program leveraging MatchMove's Singapore regulatory standing and governance framework. API-driven architecture aligned with ECIB's digital-first strategy.
• Infii FinancesupportingTechnology or IntegrationBanking infrastructure partnership providing regulatory compliance and volume handling without building complexity. Banking Wallet OS™ powering Infii Finance platform.
• RemotePasscoreTechnology or IntegrationPartnership enabling streamlined worker compensation management in USD. MatchMove's fintech expertise combined with RemotePass platform for automated payroll for remote teams.
• Maxi-CashsupportingTechnology or IntegrationMaxiPAY neobanking solution enabling Maxi-Cash customers to access digital banking experience. MatchMove provides infrastructure and customer education support.
• Singapura FinancecoreStrategic or Co-development PartnerLaunch of Vivid savings account combining high-interest deposits with prepaid Mastercard and digital wallet. Powered by MatchMove's Banking-as-a-Service platform.
• Tribe BenefitscoreTechnology or IntegrationTribeCard 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 PhilippinessupportingTechnology or IntegrationPartnership empowering LuLu Money PH's remittance and payment experience through MatchMove infrastructure.
• BancNetsupportingChannel Partner/ Reseller/ DistributorPartnership 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

Direct 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

• LinkedInlinkedin.com/company/matchmove
• Xx.com/matchmovewallet
• Facebookfacebook.com/MatchMove

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds12 records

Investors8 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MatchMove Pay