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Financial services company BPCE Payment Services and fintech firm Mambu team up to assist Payment Service Providers (PSPs) from around the world as they expand into the European Union market.

Expanding partnership between BPCE Payment Services and Mambu to grant global financial institutions entry into the European Union market, a collaboration that has already proven successful in powering SEPA payments for multiple French fintechs and banks, such as Natixis CIB Luxembourg,...

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BPCE Payment Services Teams Up with Mambu to Bolster Global Payment Service Providers Expanding...
BPCE Payment Services Teams Up with Mambu to Bolster Global Payment Service Providers Expanding into the EU Market

Financial services company BPCE Payment Services and fintech firm Mambu team up to assist Payment Service Providers (PSPs) from around the world as they expand into the European Union market.

Mambu, a leading cloud-native banking platform, has announced a strategic partnership with BPCE Payment Services. This collaboration offers global institutions, including Mambu's 260+ international clients and other European fintechs, the opportunity to provide EU-compliant and scalable financial services.

Advantages of the Partnership

The partnership presents several key benefits for its clients:

  1. Regulatory Compliance: By working with BPCE Payment Services, Mambu and European fintechs can ensure their offerings adhere to EU regulations. This is crucial, as the EU has stringent rules for financial services, such as PSD2 (Payment Services Directive 2).
  2. Scalability: The partnership enables companies to scale their services efficiently, as they gain access to an established network and infrastructure. This is particularly beneficial for fintechs experiencing rapid growth.
  3. Expansion of Service Offerings: By leveraging BPCE Payment Services' infrastructure and expertise, companies can expand their financial service offerings without having to invest their own risk capital in infrastructure.
  4. Access to EU Markets: New EU market entries are facilitated, as the partners possess the necessary EU licenses or have access to them. This helps in reducing market entry time and administrative burden.
  5. Technological Integration: The integration of Mambu's cloud-based core banking systems with the services of BPCE Payment Services allows for efficient and technologically advanced processing of financial transactions.

Summary

The partnership between Mambu and BPCE Payment Services provides European fintechs with a comprehensive solution to offer compliant, scalable, and technologically advanced financial services. By combining Mambu's technological expertise with the infrastructure and licenses of BPCE Payment Services, clients can efficiently operate in the EU.

This strategic move is significant, as the European market presents a lucrative opportunity due to its digitally advanced customer base and high demand for alternative financial services. The partnership includes Mambu's payments hub, which automates SEPA payments and provides fully managed connectivity to BPCE Payment Services. Additional services from BPCE Payment Services, such as card issuing and other capabilities, are available to support the full range of payment needs.

The European Economic Area (EEA) comprises over 450 million consumers, making it an attractive market for global financial institutions. This partnership aims to help these institutions access the European Union market. BPCE Payment Services contributes its trusted SEPA processing, clearing, and settlement infrastructure, including SEPA Instant, to the collaboration.

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