Cloud banking platform Mambu is partnering with Visa for card processing services.

The SaaS platform said the strategic partnership with Visa would enable its to make use of Visa DPS, one of the largest processors of Visa debit transactions globally.

Mambu will use the connection to Visa DPS for end-to-end card issuing and processing.

Announcing the partnership, Mambu and Visa underlined the need for interconnectivity to meet the growing demand of FinTechs and incumbent financial institutions.

Mambu is developing an integration to Visa DPS that will give institutions more flexibility in offering new card products and services to their customers.

Kevin Trilli, chief product officer at Mambu said: “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.

“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.”

The partnership with Visa DPS extends Mambu's product partnerships marketplace.

Todd Brockman, senior vice president, 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.

He added: "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.”

Share Story: