Building a B2B digital wallet
Outpayce, an eMoney institution with a license in Spain, has selected Mambuβs cloud banking platform to launch its multi-currency digital wallet offering to simplify the end-to-end travel payments experience.
About the customer
Outpayce, part of Amadeus
Amadeus, a global leader in the travel tech industry, launched Outpayce last year as a standalone entity to evolve its travel payments business, facilitating B2B payments to the travel industry.
Outpayce brings smooth endβtoβend payments to the travel industry to give airlines, travel sellers, hotels, and corporations the upper hand against payment challenges and evolving user expectations. Last year alone, Amadeus processed more than $160 billion in payments amongst its customer-bases worldwide.
The challenge
Travel payments are full of friction
Payments are an integral element of the travel booking experience, but are often laden with friction for both travellers and travel businesses.
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.
While securing its EMI licence, Outpayce turned to Mambu for its track record of supporting financial institutions in their core modernisation journeys and for its global presence, operating in 65+ countries.
βCompared to other core banking players weβve 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.β
- Werner Van Ravesteyn, Head of Enterprise Products, Platforms and Services at Outpayce
The solution
A robust core to drive growth
Mambu's cloud banking platform was selected to launch its multi-currency digital wallet offering to simplify the end-to-end travel payments experience.
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.
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.
Seize the digital wallet opportunity
Mambu provides the tools to design and build a variety of stored value solutions including digital wallets and prepaid cards for a cashless future.
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