Singapore · Payments & e-money
Matchmove Pay PTE. LTD.
MatchMove Pay Pte. Ltd. is a private company incorporated in Singapore and trading as MatchMove. The Monetary Authority of Singapore (MAS) licenses it as a Major Payment Institution under the Payment Services Act 2019, licence number PS20200239. It describes itself as a Banking-as-a-Service provider. Businesses use it to offer e-money wallets, virtual accounts, prepaid and debit card programmes, FAST transfers and cross-border payouts inside their own apps.
Licences and registrations
Held by Matchmove Pay PTE. LTD.. 1 entry on 1 of the 22 tracked registers, retrieved 25 September 2026.
| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
|---|---|---|---|---|---|---|---|---|
| MAS Financial Institutions Directory - Major Payment InstitutionMonetary Authority of Singapore (MAS) | Major Payment InstitutionPayment Institution | Not published by the register | Singapore | Active | — | — |
|
Search the register ↗ |
- Each licence applies in the country of the regulator that granted it.
- Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here.
Swift network
Swift’s ISO 9362 BIC directory
Holds no BIC in Swift’s directory. No LEI is matched to this entry, and BICs are linked by LEI only.
Overview
Researched 29 Sep 2026 · Sources
Employees
Not published
Ownership
Not published
Firm type
Banking as a service
Trades as MatchMove
- Head office
- 137 Telok Ayer Street, #03-03, 068602 Singapore, Singapore
- Company register
- ACRA UEN 200902936W
- Incorporated
- 2009
- Founders
- Shailesh Naik · Amar Abrol
Online
- Websites & references
- matchmove.com ↗
developer.matchmove.com ↗ developer documentation - Official social accounts
- LinkedIn ↗
Sources · 11 pages consulted
- eservices.mas.gov.sg/fid/institution/detail/200534-MATCHMOVE-PAY-PTE-LTD
- matchmove.com/
- matchmove.com/terms
- matchmove.com/about-us
- matchmove.com/solutions/sgd-fast
- matchmove.com/solutions/card-issuing
- matchmove.com/virtual-account
- matchmove.com/media
- matchmove.com/media/matchmove-and-mastercard-celebrate-a-decade-of-collaboration-in-driving-embedded-fi
- matchmove.com/media/matchmove-frost-sullivan-2026-recognitions
- mas.gov.sg/regulation/enforcement/enforcement-actions/2025/mas-imposes-composition-penalties-against
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
MAS licenses the firm as a Major Payment Institution under the Payment Services Act 2019. The licence covers account issuance, domestic and cross-border money transfer, merchant acquisition and e-money issuance services.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Monetary Authority of Singapore Singapore | Major Payment Institution | PS20200239 | In its own name | Active | eservices.mas.gov.sg ↗ |
Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks.
Partners and safeguarding
Researched 29 Sep 2026 · Sources
- Safeguarding
- Not disclosedThe firm's wallet terms state that stored funds are not insured deposits under Singapore's deposit insurance scheme, but they do not describe how customer money is safeguarded.
- Payment schemes and card networks
- FAST (Singapore) Direct matchmove.com ↗
Mastercard Direct matchmove.com ↗
Visa Direct matchmove.com ↗
Banks and regulated firms the firm says hold its customers’ money, issue its cards, sponsor its accounts or settle its payments, as it discloses them in its terms and notices.
Products and markets
Researched 29 Sep 2026 · Sources
According to the firm, partner businesses use its platform to issue wallets, virtual accounts and Visa and Mastercard card programmes and to send payouts to over 200 countries.
The firm reports client launches in Singapore, the Philippines, Japan, Indonesia, Thailand and Vietnam, some through related group entities such as PT MatchMove Indonesia.
- Payment volume
- USD 5bnvolume processed on the MatchMove platform
- Sells to
- Enterprises · Platforms and marketplaces · Financial institutions · Small businesses · Consumers
- Serves customers in 6 countries
- Singapore · Philippines · Indonesia · Japan · Thailand · Vietnam
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Shailesh Naik Founder and Group CEO
- Founder
- Amar Abrol President and Co-founder
Recent events
Researched 29 Sep 2026 · Sources
The research found no fines, investigations, security incidents, licence changes or corporate events from the last three years.
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source.
Identifiers
- BIC
- Holds no BIC in Swift’s directory
- LEI
- No LEI mapped
- Elucidate firm ID
- 22255aa8b136
Profile
- Type
- Payments & e-moneyPayment institutions, e-money and stored-value issuers, and account-information providers. Licensed under payment-services law (e.g. PSD2 in the EU and UK, the Payment Services Act in Singapore). Taken from the licences on the tracked registers.
- Regulation
- Prudential licenceAuthorised with capital, safeguarding and conduct requirements, e.g. an authorised payment or e-money institution in the EU or UK, a major payment institution in Singapore, or a MiCA crypto-asset service provider.
- Main licence class
- Payment Institution
- Activities
- Money remittance
- Payment services
- Card acquiring
- E-money / stored value
- Licensed in
- Singapore · East Asia & Pacific
- First registered
- Not published
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
Ownership and group
GLEIF relationship records
No LEI is matched to this entry, so GLEIF relationship records cannot be linked.
Addresses
- Address on the register
- 137 TELOK AYER STREET #03-03 068602, Singapore, 068602
- Country
- Singapore
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
This institution holds no BIC. A CBPR+ message identifies it by name and postal address, and may add its LEI or a clearing code.
- Identified by
- Name and postal address. No LEI or clearing code is mapped in the directory
- Postal address
- Hybrid: town, postcode and country in their own elements, the rest in one address line
<FinInstnId>
<Nm>MATCHMOVE PAY PTE. LTD.</Nm>
<PstlAdr>
<PstCd>068602</PstCd>
<TwnNm>Singapore</TwnNm>
<Ctry>SG</Ctry>
<AdrLine>137 TELOK AYER STREET #03-03 068602</AdrLine>
</PstlAdr>
</FinInstnId>- The address line repeats the town or postcode. Remove the repeat if your payment system rejects it.
CBPR+ identifies the instructing and instructed agents by BIC only. An institution without a BIC can be the debtor, creditor or an intermediary agent.
The values are as published by the register. Check them against your own records before use.
Sources & method
Register entries come from the public registers of financial regulators, standardised into one taxonomy. LEIs are matched through GLEIF, and a BIC is linked only through a shared LEI.
An institution missing from these registers is not necessarily unregulated.
Register entries are not matched against the OFAC or EU sanctions lists. Where the legal entity also holds a BIC, the matches for that BIC are on its page. Always screen against the official lists.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Register for this page
- MAS Financial Institutions Directory - Major Payment Institution—Monetary Authority of Singapore (MAS) · source ↗ as at 25 September 2026
- Overview, authorisation, partners, products, leadership and events—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
Assess the financial crime risk behind a licence
A licence records what an institution is authorised to do; it does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks and payment institutions.
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