Singapore-based MatchMove announced the launch of its new remittance platform, RemitSend by MatchMove, to enable seamless and cost-efficient, cross-border Business to Business (B2B) remittances for businesses of all sizes.
By offering a Software-as-a-Service (SaaS) based subscription pricing model, MatchMove enables SME’s in Singapore to save up to 80% of their costs when compared to charges currently levied by most banks.
MatchMove enables SME’s in Singapore to save up to 80% of their costs when compared to charges currently levied by most banks.The platform provides companies faster access to data, transparent transactions, and most importantly, reasonable fees starting as low as $8.90 per remittance, with no hidden charges or volume pricing. The price is fixed regardless of the amount being sent. Businesses can now remit to five countries, with more corridors on the way.
Commenting on the launch of the new service, Amar Abrol, Chief Commercial Officer of MatchMove said, “We are excited to launch RemitSend by MatchMove, after months of extensive research and speaking to various groups of SMEs. We do understand the challenges and high costs faced by SMEs as they remit across markets. Here at MatchMove, we are committed to meet the existing and evolving needs of SMEs holistically. We see that opportunity in RemitSend by MatchMove to help firms better digitize their remittance capabilities and bring them forward in their digital transformation journey.”
MatchMove has already started piloting RemitSend amongst select clients and has received positive feedback. “At Spenmo, we use RemitSend to help our customers get transparent rates for their overseas business transfers. In particular, with their flat transaction fee, we are able to save money for our customers as compared to bank rates which tend to be higher and more volatile,” said Mohandass Kalaichelvan, Founder and CEO of Spenmo.
