Purpl is the first remittance and cash-out aggregator and API-layered platform for the Levant region allowing for ATM network integration and cardless withdrawal, combined with a digital wallet in Lebanon.
Having secured its digital wallet licence, Purpl’s new offering provides Lebanese citizens at home and abroad with seamless ways of transacting.
Purpl began its collaboration with Mambu in June 2022, and the implementation took six months. Customers can now easily access stored money to cash out in hard currency and will soon be able to pay for goods and services, transfer funds or make online purchases from any mobile device.
Through the app and Purpl’s remittance partners, users can send and receive money in Lebanon, triggering an SMS alerting beneficiaries of incoming funds. Users then follow a simple sign-up flow, which includes a one-time e-KYC process, before cashing out at a number of locations throughout the country.
The startup has plans to expand its partner network to over 800 cash-out points, including 190 ATMs in Lebanon.