Take aim with stored value digital wallets

Cash is no longer king. By the end of 2020, there were over 2.8 billion stored value mobile wallets in use. It is projected to increase nearly 74% to reach 4.8 billion by the end of 2025. The wallets let customers store electronic money and pre-pay for goods and services. For companies that provide financial services, providing a stored value digital wallets solution is a way to capture market share and enter a growing revenue stream.

Tap into the potential of stored value digital wallets

As they are built outside of the existing, expensive and restrictive card payment ecosystems, stored value digital wallets are a replacement for cash and card based payment methods. Mambu’s composable nature, dynamic deposit engine, comprehensive toolkit, and connected ecosystem gives you the power to build your own stored value digital wallets offering with ease. Create, launch, upgrade and enhance unique products while keeping development costs low.

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Build an ecosystem

Mambu
- Wallet account approved
- Card linked to wallet
- Transactions and GL posting
- Wallet account closure
Customer facing channel
- Wallet onboarding
- Virtual card creation
- Transaction initiation
- Account closure
Services
- eKYC and ID verification
- AML
- Payment order services
- AML on transactions
Payment/card processing
- Card issuance
- External payment processing

Instant, easy and secure

Encourage wider inclusion
Stored value wallets attract new customers to your brand. Not just the underserved but also those anxious about using cards online, at events or when travelling. People who want to budget smarter or who want to provide others with safe and responsible funds.
Compete with less risk
We let you deliver preloaded digital and mobile wallets over the cloud with less cost and complexity than with card processes. Our digital wallet solutions help create entry points to existing financial services, launch new wallet brands, or simply add value to apps and loyalty programmes.
Digital value on demand
Set up customer prepaid 'accounts' effortlessly. Cash can be digitised in a click using flexible top up options e.g. manual/ad-hoc loads, recurring loads or balance-driven loads. Funds are available immediately - to spend, send or even convert back to cash when needed.
Enable mobile users
Today, everyone wants to transact on their mobiles. To order and buy using QR codes, and to access omni-channel and online services without being restricted by cards or cash. Retailers, fintechs and FIs can make it happen, using Mambu to deliver preloaded mobile wallets.

It’s predicted there will be 4.8 billion stored value mobile wallets by the end of 2025.

Payments Cards & Mobile**

Key business values

Win loyalty in hard-to-reach segments by offering highly customised stored value products with Mambu. Customise and manage the entire lifecycle from account set-up and functionality to tax, fees and dormancy and closure. There’s no complex coding required and no disruption to your existing financial services.

End user
Easily access stored money to pay for goods and services, transfer funds, or make online purchases from any mobile device.
Merchant
Increase sales and convenience by accepting QR codes at the Point of Sale (POS) for payments from any mobile device.
Provider
Cross sell traditional banking products and gain product adoption and high frequency usage from a broader range of end users.

Mambu's digital wallet software solutions offers all the features and functionality you need to create, launch and operate a successful stored value digital wallet including:

New wallet creation
Product availability settings
Account ID settings
Currency configuration
Day count convention settings
Accounting rules, withholding tax and fee configuration
Deposit amount settings
Withdrawal amount settings
Account management & custom fields

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In 2020, there were 2.8 billion digital wallet users spending $5.5 trillion globally. By 2025, this is expected to surpass 4.4 billion, creating a $10 trillion market where one in every two people will choose to pay this way. Find out how to get your slice of this $10 trillion industry.

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