How Wamo launched Verification Of Payee
in just one week with Mambu
The leading business account provider partnered with Mambu to implement Verification Of Payee (VOP) in record time, reinforcing its commitment to secure, fraud-preventive financial operations for SMEs. By leveraging Mambu’s composable payments infrastructure, Wamo achieved regulatory certainty and enhanced its SEPA payments processing for over 13,000 SME customers.
- 0
- week for onboarding on VOP with Mambu
- 0,000+
- customers across 30+ countries
- €0m+
- in monthly transactions processed
Wamo
About the customer
Wamo is a digital business account provider designed for SMEs and growing companies that are often underserved by traditional banking. Operating from Helsinki and London, Wamo offers a business-only and branchless, mobile-first platform featuring EU IBAN accounts, multi-currency support, and team expense management.
As a licensed Electronic Money Institution (EMI), Wamo focuses on eliminating red tape and administrative friction to help businesses trade smoothly across the European Economic Area (EEA).
Today, Wamo processes more than €500 million in transactions per month with more than 13,000 customers in 30+ countries.
The opportunity
Secure, fraud-preventive payments for SMEs
To align with the EU’s Instant Payments Regulation, which introduced VOP as a mandatory requirement for payment service providers (PSPs), Wamo identified a critical need for a robust solution.
The goal was twofold: to provide regulatory certainty and to help their SME clients prevent fraudulent transactions by verifying payee details before payments are initiated.
Wamo required a technology partner that was a market leader, offering an efficient and experienced solution with a quick time-to-market.
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