Youtap and MatchMove have announced a partnership that will provide Youtap’s customers in Africa and Asia with an off-the-shelf open-loop payment acceptance solution for closed-loop wallets.
While Youtap is a global provider of contactless mobile payments and software enabling customers to tap and pay at any point of sale with any device, MatchMove enables companies to offer a fully branded secure mobile wallet solution, increasing revenue and user engagement.
Youtap has worked closely with MatchMove to provide integration to Youtap Pay, Youtap’s mobile money payment processing platform. The combined solution will enable mobile operators to issue Mastercard companion cards to their mobile money customers. Cards can be branded and integrated with an operator’s current mobile wallet app.
This partnership is as a result of the growing demand for Mastercard companion cards connected with mobile money accounts globally. It provides for tight integration for the acquiring, processing and settlement of credit, debit and prepaid cards linked to a mobile money wallet.
Chris Jones, CEO and founder of Youtap, said that that the patnership will make it possible for customers without credit cards to buy products online and in stores with mobile money.
Youtap’s mobile payments platforms are currently operating in multiple countries in Africa and Asia with various payment service providers and mobile network operators.
