- Fintech
Kuady
Kuady launched its digital wallet in Peru, Chile, and Argentina, offering multi-currency payment solutions.
Scaling Latin America’s new digital wallet in under 9 months
Kuady launched its digital wallet in Peru, Chile, and Argentina, offering multi-currency payment solutions. Powered by Mambu, Kuady is set for expansion into Europe and Africa.
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- months time to launch
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- Latin American markets
Cloud provider
Kuady
About the customer
Kuady, the digital wallet brand of Open Payment Technologies Ltd, was launched in the second half of 2024 with the mission to revolutionise financial management around the world. Licensed by the Isle of Man Financial Services Authority to carry out electronic money transmission services, Kuady is focused on innovation, financial inclusion, and user-friendliness.
The digital wallet offers a variety of payment methods and benefits for consumers and merchants, including instant payouts, multi-currency accounts, and chargeback protection.
The challenge
Bridging financial gaps in Latin America
In 2023 Kuady embarked on a mission to address the growing demand for quick and user-friendly mobile payment solutions. With the market for mobile wallets projected to surpass $10 trillion by 2025, Kuady sought to provide accessible products, particularly in underserved regions with limited traditional banking infrastructure. To realise this vision, Kuady needed a robust and scalable platform that could facilitate rapid deployment, offer flexibility for customisation, and seamlessly expand across borders.
The solution
Building a scalable, customisable digital wallet with Mambu
Naturally Kuady partnered with Mambu and its cloud-native platform to build and deploy a wide range of digital wallet solutions across Latin America. Mambu’s flexible, API-driven infrastructure empowered Kuady to create and customise offerings that included multi-currency accounts, instant payouts, and chargeback protection, all designed to meet the diverse needs of both consumers and merchants.
By leveraging Mambu’s composable architecture underpinned by Microsoft Azure, Kuady ensured that its users could access quick, seamless financial services, while enabling merchants to scale their operations across borders with ease. Addressing the challenges of fragmented financial systems and limitations of traditional banking solutions in the region.
The result
Quick to deploy, ready to scale
Kuady successfully launched its digital wallet across Peru, Chile, and Argentina in under nine months. The partnership allowed Kuady to scale quickly and maintain full autonomy in customising its offering to fit the unique financial needs of both consumers and merchants across diverse markets.
Recently, Kuady made significant strides in its LATAM expansion goals by launching its services in Mexico, further strengthening its commitment to enhancing financial inclusion in the region. With its sights set on continued growth, Kuady is also exploring new markets in Africa and Europe. By continuing its partnership with Mambu, Kuady is not only future-proofing its digital wallet offerings but also positioning itself as a global player in the fintech space.
“With Mambu’s flexible platform, we’ve launched and expanded across Latin America in record time, empowering both consumers and merchants with innovative digital wallet solutions. As we look to enter more countries in Latin America and eventually expand across Africa and Europe, we’re excited about growing our business together with Mambu.”
- Mario Ricciardi, Managing Director of Kuady
Discover the future of digital wallets
Learn how innovative companies like Kuady are capitalising on the $10 trillion digital wallet market. Explore how you can get your slice of this booming industry and accelerate your growth with Mambu.
