Germany-headquartered Mambu said the globally focused partnership will give its customers a “seamless connection” to Visa DPS for end-to-end card issuing and processing.
Kevin Trilli, chief product officer at Mambu said: “Customer demand for card services is growing rapidly, whether it is incumbent financial institutions or fintechs. Strategic partnerships and interoperability of service providers offer the best value, choice, and flexibility for clients, whether they are embarking on digital transformation or scaling a new card programme.”
“This is a major step to bringing more simple, transparent and connected services to any company offering financial services.”
Trilli continued: “We’re creating an opportunity for our customers to transform, scale and achieve operational excellence with this integration. Institutions can create their unique customer payment card experiences on Mambu, regardless of whether it is a deposit or loan account and get it rapidly to market.”
“They can then leverage the issuer processing capabilities of Visa DPS to deploy new products and solutions for their customers. This partnership will enable our customers to create powerful, digital-first payment solutions and experiences.”
Todd Brockman, senior vice president and global head of issuing solutions at Visa, said: “Today’s banking and payment landscape requires agility, and an architecture that can easily adapt to the rapid pace of innovation in our industry. We’re excited to bring our modern API-based processing capabilities to Mambu’s growing marketplace of composable payment solutions and believe our collaboration will create tremendous value for our clients and their cardholders.”