Outpayce Selects Mambu for New Multi-Currency Digital Wallet: Key Points
- 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.
- 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.
- 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.
- 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.
- Future Plans:
- Outpayce aims to leverage its EMI licence to expand its payment services across Spain and the EU.
- Implementation Timeline:
- The Mambu implementation is currently underway, with plans to go live “in the coming months”.
