Youtap partners with MatchMove to deliver open-loop payments for mobile money customers in Africa and Asia

16 June 2017

Money Transfer

NAIROBI, Kenya, June 13, 2017/ -- Youtap, a global provider of contactless mobile money payments and financial services software, has announced a partnership with MatchMove (www.MatchMove.com) that will provide Youtap’s customers in Africa and Asia with an off-the-shelf open-loop payment acceptance solution for closed-loop wallets.

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 in response to 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.

Source: Press Release