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Outpayce selects Mambu to power new multi-currency digital wallet service

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Outpayce Selects Mambu for New Multi-Currency Digital Wallet: Key Points

  1. Partnership Announcement:
    • Outpayce, the travel payments division of Amadeus, has chosen Mambu’s SaaS cloud banking platform to power its new multi-currency digital wallet service.
  2. Licensing and Capabilities:
    • Outpayce recently received an Electronic Money Institution (EMI) licence from the Bank of Spain.
    • The platform will manage large transaction volumes and current accounts for the service.
  3. Platform Benefits:
    • Werner Van Ravesteyn, Outpayce’s head of enterprise products, highlighted the SaaS model’s real-time updates, allowing the company to focus on solution building while Mambu handles back-end maintenance.
    • The service will manage multi-currency accounts and support electronic fund transfers across numerous payment schemes.
  4. Selection Process:
    • Víctor Indiano, Mambu’s area manager for Southern Europe, stated that Mambu was chosen for its ability to support Outpayce’s embedded finance vision after a thorough selection process.
  5. Future Plans:
    • Outpayce aims to leverage its EMI licence to expand its payment services across Spain and the EU.
  6. Implementation Timeline:
    • The Mambu implementation is currently underway, with plans to go live “in the coming months”.

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