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CashPak, a Nicaragua-based financial technology company, has selected Mambu’s cloud-native core banking platform to underpin its services and allow for more rapid and efficient payments involving interbank and international transfers, collections and remittances. The move will increase CashPak’s transactional capacities as it expands and in its quest to bolster financial inclusion in Central America.

CashPak is a financial app that allows consumers, merchants and businesses to receive, transfer and spend with flexibility and a digital-first approach. On Mambu’s cloud banking platform, CashPak can adapt its offerings and create new ones, all while reducing deployment times and adhering to top-notch security and information protection protocols.

Raúl Madriz, Chief Digital Officer at CashPak: “Both our growth and profitability stem from the continuous evolution and speed with which we deliver value to our clients. We chose to modernise our processing platform with Mambu, so we can meet changing customer demands and set the foundations for future growth and geographic expansion. With Mambu as a strategic technology partner we can enhance our offering and support financial inclusion for the markets in which we operate, where historically half the population has gone unbanked for generations. Together, we look forward to improving the quality of and access to financial services for customers in Central America.”

Juan Pablo Jiménez Isaza, Regional Vice-President of Latin America at Mambu: “Mambu’s composable architecture approach frees up financial service providers like CashPak to create the ecosystems that best adapt to shifting market demands, with a focus on customer value rather than back-end technology and infrastructure. The partnership will ensure that Central American customers enjoy better access to constantly improving financial services. Access to excellent payments services often serves as a gateway for many to enter the formal financial sector, and it’s vital that best-in-class companies like CashPak attend to the needs of customers both old and new. Mambu will support CashPak as it advances its strategy to continue providing superior customer experiences.”

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