Mambu partners Visa for end-to-end card issuing and processing
Banking tech vendor Mambu, which provides cloud-based, software-as-a-service (SaaS) core banking software, has partnered with payments giant Visa to utilise Visa DPS – one of the largest processors of Visa debit transactions globally.
The company is developing an integration with Visa DPS “that will give institutions more flexibility in offering new card products and services to their customers”.
Mambu says the move will give customers a “seamless connection” to Visa DPS for end-to-end card issuing and processing, adding the partnership reflects “the importance of interconnectivity in order to meet the growing demand of fintechs and incumbent financial institutions”, with payment services being a critical part of financial institutions’ offerings.
Mambu chief product officer Kevin Trilli says: “Customer demand for card services is growing rapidly. 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.”
The vendor welcomed four new leadership hires last month as it looks to boost its growth after raising €235 million in a Series E round in December 2021 at a valuation of €4.9 billion.