MatchMove, a leading provider of digital payment solutions, joined forces with Shopmatic, a renowned expert in e-commerce and digital payments, when it acquired the latter in 2022. The strategic acquisition aimed to expand MatchMove’s digital payment offerings and harness Shopmatic’s expertise to enhance its payment ecosystem, providing a comprehensive solution for merchants.
Recently, the dynamic partnership between MatchMove and Shopmatic reached a new milestone with the launch of an all-in-one digital payment solution designed exclusively for merchants. This groundbreaking offering, called Shopmatic Pay, introduces a seamless fusion of embedded finance and digital commerce, allowing merchants to establish their stores and effortlessly access embedded financial services.
Empowering Merchants with Shopmatic Pay
Shopmatic Pay empowers merchants to streamline their financial management processes, allowing them to focus on growing their businesses. By integrating payment solutions seamlessly into their online stores, merchants can provide their customers with a frictionless payment experience, leveraging the benefits of both worlds. With Shopmatic Pay handling their payment operations, merchants can dedicate their efforts to their core business activities, confident that payments will be efficiently managed.
A Complete Digital Payment Solution
Shopmatic Pay offers a complete suite of features, including virtual accounts, virtual cards, and wallet top-up services, transforming it into a comprehensive digital payment solution. Nicole Poon, COO of Shopmatic, expressed her excitement about the launch of Shopmatic Pay, stating, “We are thrilled to introduce Shopmatic Pay as a seamless and user-friendly digital payment solution that provides embedded financial services to merchants. This offering addresses the critical needs of merchants in the region, such as securing essential services like remittances, loans, insurance, and payments.”
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As the partnership between MatchMove and Shopmatic evolves, the Shopmatic Pay solution will expand further to encompass physical card issuance, promo code auto-generation, and cash-out options. These enhancements will position Shopmatic Pay as a comprehensive and versatile payment solution, fulfilling the diverse needs of merchants.
Transforming the Digital Economy
The collaboration between MatchMove and Shopmatic marks a significant milestone in empowering merchants to thrive in the digital economy. Amar Abrol, Co-founder and President of MatchMove, shared his enthusiasm, saying, “The launch of Shopmatic Pay is a significant step towards our vision of realizing synergy between embedded finance and digital commerce. It not only provides merchants with the concept of ‘A bank in your Shop,’ but also extends its value-added services across Singapore, SEA, and beyond. We believe in empowering merchants to grow their businesses, and Shopmatic Pay is a substantial stride in that direction.
