Introducing enhancements to the Mambu and CurrencyCloud connector. These improvements are set to streamline payments, reduce the need for manual interventions and minimise financial losses from inefficient return payments and fee charging.

Improved return payments

Return payments have now become more precise and user-friendly. Instead of crediting the original amount, we now credit the exact amount returned by the beneficiary bank, ensuring transparency and accuracy. Moreover, the period for handling return payments has been extended from 7 days to a much more accommodating 60 days. These changes significantly reduce manual intervention and operational activity, ultimately minimising financial losses to zero for return payments.

Better fee charging

With our latest update, we’ve introduced fee charging for all payment flows. Customers can now choose between two methods:

• Fixed amount per transaction: Ideal for those who prefer a predictable fee structure.

• Variable amount based on transaction value: Perfect for those who want flexibility to charge fees according to transaction values.

This added flexibility allows our customers to increase their revenue by charging their clients for international payments.

Stay tuned for more updates as we continue to enhance this connector. You can find more information about Currencycloud’s solutions on their website or head to their developer portal where you can also test their APIs in a demo environment.

If you would like to request early access to this connector, please get in touch with your Mambu Customer Success Manager to discuss your requirements.

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