New digital wallet Kuady launches in several LatAm markets powered by Mambu
Open Payment Technologies has launched Kuady, its new digital wallet app aimed at boosting financial inclusion, in Peru, Chile, Argentina, and Mexico.
The Kuady digital wallet is powered by Mambu’s cloud banking platform
The app is powered by Mambu’s cloud banking platform and leverages Microsoft Azure. Mambu says that the launch has been achieved in “just under nine months” since the pair’s partnership began.
Open Payment Technologies managing director Mario Ricciardi says that the firm is now aiming to “enter more countries in Latin America and eventually expand across Africa and Europe”.
Kuady, licenced by the Isle of Man Financial Services Authority for Electronic Money Transmission Services, offers payment processing for merchants and a digital wallet for customers.
The app includes instant payouts, chargeback protection, and multiple deposit methods like bank transfers, cards, and cash, targeting “underserved markets where traditional banking infrastructure is limited”.
Kuady joins a growing list of company’s utilising Mambu’s technology, including B2B travel paytech Outpayce, which in July selected Mambu’s Software-as-a-Service (SaaS) platform to power its new multi-currency digital wallet service.
