Western Union allies with Mambu


Lucy Ingham
Lucy Ingham
Head of Content
Lucy is Head of Content overseeing all content and taking deep dives into the trends and data driving changes in payments. Previously, Lucy worked as a technology journalist and editor,… Read more
  • Western Union and Mambu have designed a subscription-based cloud banking platform.
  • The rollout will focus on the European market.
  • Mambu allows clients to integrate external third-party software, resulting in uniquely designed apps.

Western Union has partnered with Germany-based Mambu to help build the next generation of digital wallets utilizing cloud banking. 

Mambu designs and builds financial services platforms that are highly customizable for its clients.

Western Union has integrated Mambu's cloud banking solution into its digital banking app, called WU+, allowing customers to conduct international money transfers, manage their digital wallets and view transactions as needed. 

Mambu's platform already serves 70 million daily users across 230 different banks and financial institutions. 

The subscription-based product is being tested in Europe.

“By partnering with Mambu, we have built our digital banking products and services starting in Europe with Germany and Romania,” said Western Union’s chief data and innovation officer Thomas Mazzaferro.

“The Mambu and Western Union team have come together in a truly collaborative partnership accelerating our financial service ambitions while building a product that can scale and is cloud agnostic.” 

A core tenet of Western Union’s business plan is the expansion of its digital offerings – including online banking, remittance services and, where Mambu is concerned, the digital app WU+.

These services are designed to work alongside the extensive retail network that Western Union has heavily invested in since its founding. 

Western Union's digital and retail segments serve customers in more than 200 countries.

To stay abreast of how partnerships like this will change money transfer services and norms, please refer to our reviews pages. 

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