MatchMove's E-Wallet Service Steps to Win the Indonesian Market

Payment methods play an important role in the growth of digital businesses. Factors of security, convenience, and technology are things that must be considered to present a widely used payment method. In the digital era, many startups focus on providing payment method solutions to complement existing businesses.

One of the businesses that offers this payment method is MatchMove. This financial technology company from Singapore, founded by Shailesh Naik and Hsueh Huah Leow, is trying their luck to enter the Indonesian market which is considered potential.

MatchMove has an interest in improving payment solutions to better reach a market that mostly does not have a credit card or bank account to make online payments.

MatchMove provides a solution end-to-end enterprise payments to help startups, as well as large companies, in the form of a mobile wallet solution. This includes peer to peer transfers, remittances, channel top ups, virtual payments, and several other features. The MatchMove API system is claimed to be very easy to integrate with existing systems.

MatchMove and its moves in Indonesia

As an e-wallet provider, MatchMove is not the first in Indonesia. Its presence in Indonesia must be accompanied by strategies and advantages to be able to compete. Responding to this, MatchMove explained that they are a Wallet Operating System. They provide solutions for companies or startups to build digital wallets themselves.

It was stated that MatchMove has explored a number of collaborations with several leading companies in Indonesia.

For the uniqueness and potential of the market in Indonesia, MatchMove actually focuses more on existing local regulations. So far, financial technology in Indonesia is still in the growing stage, both from the players and the rules in it.

“We see all players in this industry as potential partners that can complement their strengths. Apart from allowing client to launch their own e-wallet, we also support existing e-wallet to be able to improve their capabilities. MatchMove supports integration with global and local networks, and is also a MasterCard Worldwide partner. Our global operations allow us to provide the best experience for Indonesia and also connect Indonesian companies globally,” explained Market Development & Corporate Affairs Manager Arya Syahairudin.