Cloud banking platform Mambu has lent its Software-as-a-Service (SaaS) technology to Amadeus to help launch a new multi-currency digital wallet on its Outpayce platform.
Mambu’s core modernisation payments processor will be leveraged to expand Outpayce’s end-to-end travel payments services to more than 65 countries.
The e-money institution stated it required a robust core banking system to support a high volume of transactions and current accounts. Running on Mambu provides Outpayce with the ability to configure, launch and optimise a range of financial products through its self-service, SaaS platform, all from the cloud.
Werner Van Ravesteyn, Head of Enterprise Products, Platforms and Services at Outpayce, said: “Compared to other core banking players we’ve evaluated, Mambu truly stood out to us for its cloud-native approach, the breadth of products it could support, in our case managing multi-currency accounts and supporting electronic fund transfers across a large number of payment schemes, and of course its track record when it comes to execution.
“Mambu’s SaaS model means updates to the platform happen in real time, allowing us to focus on building solutions, while it takes care of the back-end maintenance.
“With the greenlight to begin self-issuing solutions, we’re confident in Mambu’s ability to help us scale and grow and look forward to delivering on our vision of simplifying payments for all our customers.”
After securing an Electronic Money Institute (EMI) licence in Spain, Outpayce is on course to help expand its services across Europe.
Amadeus, a travel tech payment company, launched Outpayce last year as a standalone entity to evolve its travel payments business, facilitating B2B payments to the industry.
Víctor Indiano, Area Manager, Southern Europe at Mambu, added: “Outpayce from Amadeus is a leader in the travel payments space, and it has found a true partner in Mambu. After a thorough selection process, Outpayce chose Mambu as the best suited core banking platform in the market to support its embedded finance vision.
“Our scalable and flexible approach will allow the travel tech leader to serve multiple digital payment use cases and facilitate integration with best-of-breed technologies.On Mambu’s modern core foundation, Outpayce can continue to deliver a steady pace of innovation.”