Zaggle, an Indian digital and analytics company has partnered with Singapore-based fintech company MatchMove, to launch a full-featured prepaid mobile wallet to drive better and faster payment processes in India.
With this launch, Zaggle will target companies and the fast-growing working class to offer both off-the-shelf and custom prepaid gift solutions. Zaggle is leveraging the award winning technology inside MatchMove’s Wallet Operating System to create solutions which will be used in multiple ways: employee rewards and recognition, channel partner incentivization, gifts to customers of corporates and employee benefits. With this tie-up, MatchMove gives Zaggle the speed to market, distribute innovative, mobile, prepaid products that address the growing needs, desires and aspirations of Indian consumers and corporates.
Phani N. Raj, Founder, Zaggle said, “In MatchMove we have found the perfect partner who are truly the leading innovators in the digital payments space. The cornerstone of all our offerings is maximizing value and choice for partners and consumers. Users seek a seamless and ubiquitous experience across the board and with this partnership Zaggle is perfectly poised to offer just that.”
Shailesh Naik, CEO, MatchMove commented, “We are truly honoured that Zaggle selected MatchMove after a worldwide hunt for the most competent solutions provider in the digital payments industry. This partnership is in line with our commitment to consistently innovate and provide the best-of-class enterprise solutions to our partners like Zaggle who we believe are revolutionizing the Indian and global payments industry.”
Gaurav Mittal, MatchMove’s Regional Director of South Asia said, “We are extremely excited to be working with Zaggle in offering this unique program. We are confident that Zaggle’s reach within the fast-growing Indian market and their foray into the digital payments space, will ensure the success of this initiative.”
“Leveraging on MatchMove’s scalable, secure and flexible Wallet OS, we are able to maximize the value and choices for our partners and users. We believe that this partnership to integrate the virtual wallet into our system will enable us to our widen our reach in the Indian market,” said Avinash Godkhindi, CEO & Managing Director, Zaggle.
First appeared at Fintechnews Singapore