Cheers Paytech chooses Mambu as core banking system

Cheers Paytech chooses Mambu as core banking system
25.07.2019 09:42 am

Cheers Paytech chooses Mambu as core banking system

Payments , Banking , Core Banking , Cloud

Cheers Paytech, the Singapore-based fintech, has partnered with Mambu to provide the core banking technology for all wallet accounts to fuel growth. The partnership will facilitate the backend movement of funds within the Cheers Wallet Engine. 

Mambu’s rapid deployment capability and API-first architecture will allow the team to integrate quickly and without the need for complex coding or underlying infrastructure maintenance.

Cheers Paytech’s Chief Executive Officer, Gregor Arn said: “At Cheers Paytech we pride ourselves on providing customers with the best, most innovative technology available. We chose Mambu to provide our core banking system because their capabilities are fully aligned with our model, goals and culture.” 

Cheers Paytech’s Chief Growth Officer, Arish Khajotia added: “We are in the privileged position as a startup to have a customer pipeline filled through to the end of 2020 and beyond, representing a total potential wallet user base of over 100 million wallets as of today. The Cheers Wallet Engine, powered with Mambu, will further enable the strong adoption by those currently suffering from financial exclusion to not only access mobile payments, but to become an active part of the wider global digital economy.”

Mambu’s cloud-native and API-first architecture will help the team to deploy within a matter of months, enabling a composable solution that allows Cheers Paytech to be as agile as possible in adapting to customer needs as they change.

Myles Bertrand, Managing Director, APAC, Mambu remarked: "The financial sector is leveraging digital technology to meet the changing expectations of customers and markets as well as reach underbanked and unbanked consumers. As the leading SaaS banking engine, Mambu is aligned to Cheers Paytech’s innovative model and culture, and supporting agile and quick integration and we look forward to working closely with them to help customers across the region.”

Related News

Paysend extends its worldwide footprint with expansion into Asia

Paysend, the UK-based fintech business, has expanded its global reach by launching its money transfers service to Japan and South Korea.  Users are now able to send money to... Read more »

AEVI merchant acquiring report shows integration and connectivity is a priority for industry to thrive

If merchant acquirers are to outperform increasing competition from new entrants, they must leverage platforms that integrate digital value-added apps and services from third... Read more »

TransferMate launches seamless payments within the AccountsIQ platform

TransferMate, one of the world’s leading cross-border B2B payments providers, and AccountsIQ, a market leading cloud accounting, consolidation and business intelligence... Read more »

Bottomline Recognised as Industry Leader at Document Manager Magazine Awards

Bottomline Technologies, a leading provider of financial technology that helps make business payments simple, smart and secure, today announced it has been recognised with the... Read more »

Paydesk partners with TransferWise for frictionless freelance payments

British freelance payments platform Paydesk today announced its integration with... Read more »

Payoneer to acquire open payment orchestration platform optile

Payoneer, the digital payment platform empowering businesses around the world to grow globally, has announced it has... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel