MoneyMatch and Ripple Make it Cheaper and Faster for Malaysian SMEs to Pay Global Suppliers
Goal: To provide SMEs and individuals in Malaysia with an alternative to the high transfer fees and FX rates charged by the country’s traditional banks.
Solution: Being part of RippleNet connects MoneyMatch with financial institutions and payment providers across the world. RippleNet’s standardized integrations process has helped the company reduce global transfer costs by as much as 40% and provide customers with same-day settlements.
A Malaysia-incorporated FinTech company focused on delivering a more efficient cross-border payments service by providing same-day, low-cost global payments to both SMEs and individuals.
Number of countries where MoneyMatch customers send money
Reduction in cross-border payment costs since joining RippleNet
Amount of Malaysian Ringgit (MYR) transferred securely on MoneyMatch
“After joining RippleNet, we became a credible partner for financial institutions all over the world. That helped us cut transfer costs by as much as 40% and settle cross-border payments in just a few hours.”
Adrian Yap, CEO and Co-founder at MoneyMatch
Capturing an Underserved Market With Help From RippleNet
MoneyMatch, a Malaysian FinTech focused on cross-border money transfers, provides the country’s small and medium-sized enterprises (SMEs) with a same-day, low-cost way to pay global suppliers. RippleNet connects the company to financial institutions and payment providers worldwide, so it can offer better rates and faster transaction times than Malaysia’s traditional financial institutions. The ease of integrating with global partners has helped MoneyMatch reduce its operational costs by as much as 40% and the company has passed many of these savings onto its customers by providing a faster and more affordable service. RippleNet partnerships also helped MoneyMatch offer customers same-day settlements instead of the typical multi-day process.