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New digital wallet Kuady launches in several LatAm markets powered by Mambu

October 31, 2024

Launch: Open Payment Technologies has launched Kuady, a digital wallet app, in Peru, Chile, Argentina, and Mexico, aimed at financial inclusion.
Powered by Mambu: The wallet leverages Mambu’s cloud banking platform and Microsoft Azure, launched within nine months of their partnership.
Expansion Plans: The company aims to expand further into Latin America, Africa, and Europe.
Features: Kuady offers payment processing for merchants, a digital wallet for customers, instant payouts, chargeback protection, and multiple deposit methods, including bank transfers, cards, and cash.
Target Audience: Focused on underserved markets with limited traditional banking infrastructure.
Mambu’s Client List: Kuady joins other companies using Mambu, such as Outpayce, which launched a multi-currency digital wallet in July.