Maxi-Cash, Singapore’s first SGX-listed pawnbroker, has chosen MatchMove’s Embedded Banking platform to energy the launch of its personal branded cell utility, MaxiPAY for customers.
MaxiPAY is a private cell e-wallet that comes with digital pockets account (enabled with MatchMove’s ‘MoveFast’ resolution), pay as you go MatchMove-enabled Mastercard-branded digital and bodily card. It additionally permits customers’ remittances to enhance end-to-end engagement with their group, particularly international staff.
As per the most recent Singstat information, migrant staff in Singapore comprise 23 per cent of the overall workforce making them one of many vital contributing segments to financial progress. The pandemic has accelerated digital adoption by a number of years and but as of 2020, some 50,000 migrant staff didn’t also have a fundamental checking account. Fostering a digitally inclusive society, this partnership goals to coach and supply a greater and sooner digital banking expertise to the under-served segments – like migrant staff – who’re struggling to entry higher monetary and banking providers.
Using MatchMove’s product options, Maxi-Cash customers can now top-up and switch out cash in real-time, spend by way of their pay as you go digital playing cards, and carry out on the spot home FAST transfers in addition to cheaper worldwide remittances. This is made potential by way of safe digital accounts which will be linked to a buyer’s checking account for immediate pockets top-ups and switch out.
Advertised advantages of MaxiPAY:
- Easy and real-time remittance
- Cashless in-store fee
- Online procuring
- Virtual and bodily Mastercard©
- Fast and straightforward top-up
- Overseas money withdrawal
- Safe and safe fee
- Accepted worldwide
“As an innovative leader in the pawnbroking industry, Maxi-Cash aspire to provide access to greater demographics by leveraging on fintech providers like MatchMove, which enable us to offer neobanking. Providing convenience and meeting short-term financial needs of our customers have been core to the growth of Maxi-Cash. With the addition of MaxiPAY to our business, we are able to offer more convenience to the consumers, by accessing a digital banking-like experience at their fingertips. The MatchMove team has shown great support in launching MaxiPAY and has also helped educate our customers in how best to leverage the app.” mentioned Ng Kean Seen, CEO of Maxi-Cash.
“MatchMove is deeply committed to advancing financial inclusion across the region, for individuals and businesses, and we are excited to partner with Maxi-Cash in taking this vision forward. With our Lightspeed technology solution, Maxi-Cash has launched MaxiPAY, its own branded app to provide best-in-class digital financial services to the under-served segments of society, like migrant workers. We are confident that this solution will solve the challenges faced by these consumers with cheap and convenient money transfers as well as accessing other digital payment services.” mentioned MatchMove’s chief business fficer, Amar Abrol.
MatchMove Partners With Singapore-based Pawnbroker Maxi-Cash & More Latest News Update
MatchMove Partners With Singapore-based Pawnbroker Maxi-Cash & More Live News
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MatchMove Partners With Singapore-based Pawnbroker Maxi-Cash & More News Today
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