Leading online entertainment company, MatchMove, and American Express today announced a strategic partnership and the launch of MatchMove American Express Virtual Pay, a prepaid virtual product. Offered by MatchMove, the new product provides a secure and convenient payment solution for online shopping on the American Express network.
MatchMove American Express Virtual Pay offers state-of-the-art security features and allows customers to utilize the funds loaded in their MatchMove Wallet, an electronic wallet, to make online purchases locally and overseas, addressing the needs of a wide spectrum of consumers, particularly young adults and those who do not hold any credit cards.
"MatchMove American Express Virtual Pay provides security features, such as a one-time password, which are designed to prevent unauthorized use and allow immediate mobile access to transaction details. Furthermore, since this is a prepaid product, users have control of the amount that they load onto the MatchMove Wallet. This helps our customers manage and control their expenses easily," said Mr. Shailesh Naik, CEO of MatchMove Global. "Additionally, topping up the MatchMove Wallet is simple. Customers can add value to their MatchMove Wallet through selected local ATMs or online using their credit or debit cards. Purchase of Virtual Pay can also be conducted through direct telco operator billing."
MatchMove American Express Virtual Pay users will be able to book airline tickets and hotel accommodations and also shop for fashion, electronics, cosmetics, books, audio-visual products and other desired retail or virtual goods at many local and overseas online merchants that accept American Express.
Mr. Elroy Lim, Vice President, New Business Partnership, Partner Card Services Asia, American Express said, "The launch of MatchMove American Express Virtual Pay in Singapore is another key milestone for American Express. We believe the partnership with MatchMove and the launch of this new product will further drive business opportunities for both MatchMove and American Express and provide more value to consumers as well as American Express' online merchants."
MatchMove helps online businesses better monetize their strategies and engage their users through online and mobile social entertainment. In the process, companies that use the MatchMove solution are able to increase revenue and loyalty through the strategic use of its sophisticated games and apps, social networking and site gamification platform. Major corporations worldwide use the customizable, cloud-based MatchMove solution to rapidly establish their own branded games and apps catalogues with full-featured social networking, multiple monetisation and e-commerce options and with the ability to collect mobile payments anywhere in the world. Headquartered in Singapore with offices across Asia and the US, MatchMove is the exclusive games, social networking and gamification solution provider for many leading globally recognised online brands, telcos and mobile operators, media companies and entertainment providers that together have a combined base of more than 350 million users.
About American Express
American Express is a global services company, providing customers with access to products, insights and experiences that enrich lives and build business success. Since 1997, American Express has partnered with a select group of leading banks and financial institutions around the world to issue American Express-branded products and acquire merchants on to the American Express merchant network. By leveraging its partnerships, global infrastructure and the powerful appeal of its brand, American Express has gained even broader reach for its network worldwide.