back Back

Outpayce from Amadeus builds B2B digital wallet on Mambu

By Gloria Methri

July 09, 2024

  • B2B Digital Wallet
  • B2B Travel Payments
  • Cloud Banking Platform
Share

Outpayce from Amadeus, B2B Digital Wallet, Mambu, Cloud Banking, Travel Payments, FinTech, Europe, SpainOutpayce, an eMoney institution with a license in Spain, has selected Mambu’s cloud banking platform to launch its multi-currency digital wallet offering.

Amadeus launched Outpayce last year as a standalone entity to facilitate B2B payments to the travel industry. As a key player in the industry, Outpayce required a robust core banking system to support a high volume of transactions and current accounts.

Running on Mambu enables Outpayce to configure, launch and optimise a breadth 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, “We work with hundreds of customers across the travel industry, providing them with robust and user-friendly payment solutions that simplify the way they pay and get paid. As a global organisation, scalability is always an important factor, which is why we decided from day 1 to be fully cloud-based.”

He further said, “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.”

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.

Víctor Indiano, Area Manager, Southern Europe, Mambu, said, “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.”

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

Previous Article

July 09, 2024

4 Sharia-based investment platforms for ethical investing in the UK

Read More
Next Article

July 10, 2024

Fave obtains in-principle approval for MPI license from MAS

Read More






IBSi Daily News Analysis

cloud,

July 19, 2024

B2B Digital Wallet

SMEs leverage cloud to gain competitive edge, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

LTIMindtree extends multi-million-dollar contract with Absa Bank

Read More

Today

FinTech Focus: Catch latest developments of the week

Read More

Today

Paysys Labs & Raqami Islamic Digital Bank to fuel digital payments in Pakistan

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024