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

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”.