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Outpayce Selects Mambu to Support Multi-Currency Digital Wallet Launch for Travel Payments

Outpayce, an e-money institution licensed in Spain, has revealed it will leverage a cloud banking platform from Mambu to launch a multi-currency digital wallet offering to simplify the end-to-end travel payments experience.

While securing its EMI licence, Outpayce turned to Mambu due to its track record of supporting financial institutions with their core modernisation journeys and its global presence, operating in over 65 countries.

As a key payment player in the travel industry, Outpayce 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 breadth of financial products through its self-service, SaaS platform, all from the cloud.

Amadeus, a travel tech firm, launched Outpayce last year to evolve its travel payments business, facilitating B2B payments to the travel industry. Last year, Amadeus processed over $160billion in payments amongst its customer bases worldwide.

Víctor Indiano, area manager of Southern Europe at Mambu, commented: “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.”

Now with its EMI licence, Outpayce will provide and expand its payment services in Spain and throughout the European Union in the future, powered by Mambu.

On a mission to simplify payments

Werner Van Ravesteyn, head of enterprise products, platforms and services at Outpayce, also discussed the decision to select Mambu above other options: “We work with hundreds of customers across the travel industry, providing them with robust and user-friendly payment solutions, simplifying the way they pay and get paid. As a global organisation, scalability is always an important factor which is why we decided from day one to be fully cloud-based.

“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 green light 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. On Mambu’s modern core foundation, Outpayce can continue to deliver a steady pace of innovation.”

In a later phase, Outpayce aims to expand its offering to further serve its global network of customers. The Mambu implementation is underway with go-live expected in the coming months.

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