MOOLAHGO STRENGTHENS ITS CROSS-BORDER PAYMENT OFFERS BY ADDING PAYMENT TO VISA ACCOUNTS

Moolahgo is the first non-bank electronic wallet application in Singapore to allow users to easily make payments directly to Visa cardholders.

SINGAPORE, June 27, 2022 /PRNewswire/ — Moolahgo, a leading Asian fintech, and Checkout.com, a global payments provider, have partnered to offer payment to Visa accounts, which would allow Moolahgo users to make money transfers convenient and fast cross-border transfers to more than 3 billion visas. worldwide maps.

Moolahgo has created a versatile eWallet app with many payment features, including its leading cross-border payment service used by thousands of users. In 2021, Moolahgo became the market leader by launching an instant and hassle-free money transfer service to Indonesia eWallets with just the use of a phone number.

Today, Moolahgo launched a new payment service it calls “Pay Now to Card” in its eWallet app to make it easy to send money directly to a Visa credit or debit cardholder as long as the functionality is supported by the card issuer. Traditionally made available only by banks, Moolahgo is the first Fintech in Singapore offer a card payment service in a digital wallet.

What differentiates Moolahgo’s card payment service is the ability for cardholders to provide their card information confidentially in the app instead of disclosing sensitive card details to the paying party. The card information entered by cardholders will be encrypted and stored by its partner Checkout.com which is itself a PCI DSS level 1 certified payment provider. The Payer will only be able to see partial masked information of the card, thus preventing any potential misuse of the cards.

Globally, the volume of Visa payment transactions amounted to more than 13 trillion US dollars in 2021. By adding this service to its eWallet app, Moolahgo is poised to tap into one of the largest card payment markets in the world with more than 200 billion transactions per year in more than 200 countries.

“Adding this card payment functionality is a natural evolution of our eWallet application, which is already a leading funds transfer application in Singapore and is another step towards transforming the Moolahgo e-wallet into a payment super app,” said John HakimFounder and CEO of Moolahgo.

“We are delighted to partner with Moolahgo, a like-minded pioneer in digital payment solutions, to launch this service to Moolahgo users. sensitive card information. Moolahgo’s ‘Pay Now to Card’ solution incorporates consumer security, which would encourage wider adoption of money transfers through the Visa Direct network,” said Ashley PaulusSenior Global Director of Customer Success at Checkout.com.

About Moolahgo Pte Ltd

Moolahgo is a leading multi-currency digital payments specialist headquartered in Singapore. Founded in 2017, Moolahgo has grown from serving businesses in various segments with competitive foreign exchange and cross-border payment services to providing innovative digital payment tools in an eWallet mobile application for consumers. As a Fintech, it aims to transform the payments landscape through Asia, bringing the benefits of real-time money flows to the under/unbanked and enriching lives across the region. Moolahgo is a major payment institution approved by the Monetary Authority of Singapore in several areas of payment services.

For more information, visit www.moolahgo.com

About Checkout.com

Checkout.com is a global payment solutions provider that helps businesses and their communities thrive in the digital economy. Purpose-built with performance, scalability and speed in mind, our modular payment platform is ideal for businesses looking to seamlessly integrate better payment solutions. With more than 1,900 people in 19 offices around the world, we provide innovative solutions that adapt to your needs, valuable insights that help you better manage your payments performance, and expertise you can count on when you navigate the complexities of an ever-changing world. . That’s why companies like Crypto.com, Veepee, Getty Images, Grab, SHEIN, Sony, Binance, and Wise trust Checkout.com.

For more information, visit www.checkout.com

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