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Aditya Birla Wellness and MatchMove India join hands to make health and fitness a rewarding experience

2020-01-06 11:46:36 Business


Bangalore, June 10th, 2019: MatchMove India, one of the fastest growing fintech companies in the country, is pleased to announce its partnership with Aditya Birla Wellness Private Limited (ABWPL), a unique digitally enabled Wellness and Rewards program that motivates individuals and their families to live a healthier life by prioritizing their health.

The partnership will enable ABWPL to strengthen their product offering by providing next generation digital wallets and physical cards to incentivize consumers for healthy living.

The globally proven MatchMove wallet operating system will simplify the creation and usage of digital wallets and prepaid cards for employees, along with providing smart features, like easy top up modules, wider merchant acceptance and multi pocket cards, where consumers can configure multiple pouches within their wallets and set limits by different expenditure categories and merchants.

Sensing the need for an upgrade and enhanced technology play in the health and fitness ecosystem, ABWPL and MatchMove partnership aims to improve the user experience in this category and modernize the way consumers are rewarded for health livening and staying fit.

Speaking of the partnership, Mr Kumar Srinivasan, CEO of MatchMove India, said: “The addition of Aditya Birla Health to our proprietary platform is a testament of our capabilities in using technologies to solve real-world problems in payments as we continue to disrupt and wage war on cash. This collaboration with Aditya Birla demonstrates our ability to innovate new ways to digitise cash and make it simple and quick for all stakeholders.”

Mr. Murtuza Arsiwala, Head Wellness - Aditya Birla Wellness Pvt Ltd., said: “The tie-up with MatchMove has helped us enrich our customer experience. The overall process has become much simpler and quicker. With their advanced technological solutions, customers can now avail their cash-back with all our partner networks seamlessly.”

About Aditya Birla Wellness Private Limited, an Aditya Birla Capital Limited company

Aditya Birla Wellness Private Limited (ABWPL), a subsidiary of Aditya Birla Capital Ltd (ABCL), is a joint venture between Aditya Birla Group and MMI Holdings of South Africa. ABWPL was incorporated in June 2016 wherein Aditya Birla Capital Limited (ABCL) and MMI Strategic Investments (Pty) Ltd. hold 51% and 49% shares respectively. ABWPL commenced its operations in January 2017 and is engaged in the business of digitally enabled Wellness and Rewards program that motivates individuals and their families to live a healthier life by staying healthy.

About Aditya Birla Capital Limited

Aditya Birla Capital Limited (ABCL), is the financial services platform of the Aditya Birla Group. With a strong presence across the life insurance, asset management, private equity, corporate lending, structured finance, project finance, general insurance broking, wealth management, equity, currency and commodity broking, online personal finance management, housing finance, pension fund management and health insurance business, ABCL is committed to serving the end-to-end financial services need of its retail and corporate customers. Anchored by more than 17,000 employees, ABCL has a nationwide reach and more than 2,00,000 agents’ / channel partners.

About MatchMove

MatchMove is one of the world’s fastest growing and most disruptive fintech companies in digital payments and next-generation banking. MatchMove’s proprietary Banking Wallet OSTM enables ‘Banking As A Service’ and the capabilities of Spend, Send, LendTMwithin any app. The platform empowers businesses and their customers to Spend both online and offline easily and safely, via instantly issued prepaid cards on major card networks. Its Send capabilities include P2P domestic transfers, cross-border remittances, P2M and mass disbursements to global recipients. MatchMove platform further extends to Lend, where credit scores are assigned based on customers’ spending and sending patterns to offer customised lending solutions. Envisioning a financially inclusive world as it wages war on cash, MatchMove’s solutions help enterprise clients digitise payments and give the financially underserved segments the empowerment to move their money anytime and anywhere. MatchMove is licensed by the Monetary Authority of Singapore and authorised by leading card networks to issue virtual and physical cards directly to users in approved jurisdictions, or anywhere else in the world with partner banks. The company has been recognised with international awards for being a promising and an innovative organisation, as well as for being a preferred employer. MatchMove is headquartered in Singapore with offices in India, Indonesia, Vietnam and The Philippines.

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