The mobile wallet is powered by MatchMove and issued by YES Bank
Muthoot Fincorp, an Indian-based financial corporation, has recently announced its partnership with Singapore-based financial technology firm MatchMove to deliver a customised payment system that includes a virtual card, a physical card, an online dashboard and a mobile application all packaged in a seamlessly integrated mobile wallet called Blue InnerCircle.
Blue InnerCircle is a reloadable mobile wallet issued under the license of YES Bank that can be used for shopping online, and is accepted by MasterCard partner merchants worldwide.
It comes in two forms: a virtual card specifically for use in online transactions, and a physical card by MasterCard. Designed with non-credit cardholders in mind, it can be availed through an easy sign-up process facilitated online, and provides a reliable, safe and secure payment option.
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Blue InnerCircle is packed with features including P2P fund transfer, money remittance and expense disbursement, as well as direct links to offers and loyalty facilities. These transactions can easily be made through the Blue InnerCircle mobile app.
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“The launch of Blue InnerCircle is highly anticipated as there has been a rapid growth of mobile wallet adoption in India. Soon, millions more will be able to shop online, pay bills, and send and receive money all through Blue InnerCircle,” said Gaurav Mittal, MatchMove’s Regional Director of South Asia, in a press statement.
Founded in 2009, Singapore-based MatchMove is a financial technology company that provides innovative, end-to-end enterprise payment solutions, with offices in Vietnam, Indonesia, Thailand, India and The Philippines. The company recently received a funding of US$30 million.
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