Kuala Lumpur, Malaysia | Singapore, Singapore – 2nd February 2023
BigPay, a Southeast Asian neobank, introduces upgrades to its transaction categorisation abilities powered by Snowdrop Solutions, an award-winning Google Maps & Cloud Premier Partner. This also marks the first phase of BigPay’s app enhancements, with new design elements and experience to come in the next few months.
Within the BigPay app, each transaction will display clear merchant names, logos, merchant contact information and be sorted under a categorisation system for different types of expenditure. This means that BigPay users can easily see and understand better information about their card transactions and spending habits at a glance.
Salim Dhanani, Co-Founder and CEO of BigPay shares: “We are pleased to be partnering with Snowdrop Solutions to improve the way transactions are categorised, which will give greater insights into users’ spending habits. Our mission to champion for financial well-being and education remains at the app design upgrades we are carrying out, starting with improved transaction categorisation powered by Snowdrop.”
A leading fintech company in Southeast Asia, BigPay provides a full suite of financial products and services across the region, ranging from e-money accounts with a Visa debit for domestic and international spend, personal loans, savings, money transfers, spending analytics, and more to come. Through the partnership, BigPay worked closely with Snowdrop Solutions to deploy the new transaction enrichment services in just a few weeks through the use of Snowdrop’s Merchant Reconciliation System API called MRS.
“We are extremely pleased to work alongside BigPay,” said Ken Hart, CEO and Founder of London-based Snowdrop Solutions Ltd. “Our work with BigPay underscores our commitment to providing a high level of match rates and accuracy across all of our banking and travel customers,” he added. “Snowdrop and BigPay will also work closely to bring additional new capabilities to BigPay’s customer base over time throughout this key region.”
The two companies are currently evaluating the addition of further capabilities powered by location-based services that allows users to identify and take action in order to prevent fraud.
BigPay is a Southeast Asian fintech company founded in 2017. The company is committed to democratising financial literacy, accessibility, and wellbeing in the region by providing accessible, transparent, simple and secure digital financial services. From payments to international transfers, micro-insurance, personal loans, savings and smart budgeting, the goal is to drive sustainable change for consumers and businesses across Southeast Asia.
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