YES Bank and Singapore’s MatchMove Pay have entered into an agreement that will enable the bank’s customers who do not own credit cards or even online banking facilities to immediately start making purchases online or in-app. MatchMove Pay, a mobile payment platform provider, will launch its mobile wallet platform-as-a-service in India through YES Bank’s infrastructure, thereby offering the latter’s customers an alternative online payment solution via its pre-paid virtual cards licensed by MasterCard. Subsequently, YES Bank and MatchMove would extend the platform in a co-branded model to airlines, e-commerce stores, and lifestyle apps to enable in-app, one-click purchases instantly, safely and easily.
