Argentine fintech aims to grow its digital business to reach unbanked market
Nubi, a company linked to Banco Comafi, has selected Mambu to provide digital services including online processing of surcharges and payments.
Nubi currently offers businesses and consumers prepaid services for international purchases. It also allows Argentine SMEs and entrepreneurs who sell services and products abroad to withdraw international payments, and deposit them in their local bank account, both in pesos and dollars.
“We strive to promote financial inclusion and democratisation of electronic commerce in Argentina. To do this, Mambu’s technology is the best fit as it has the flexibility, scalability, and innovation required for our next releases in the local market,” said Martin Borchardt, CEO of Nubi. “Mambu supports our digital business strategy in real time as part of our cloud-native, composable API-driven architecture.”
Commenting on the selection, Edgardo Torres Caballero, Managing Director, Americas, Mambu explained: “The financial sector is leveraging digital technology to meet the changing expectations of customers and markets as well as reach underbanked and unbanked consumers. As the leading SaaS banking engine, Mambu is aligned to Nubi’s innovative model and culture, and supporting agile and quick integration. We look forward to helping them grow their business in Argentina and reach untapped markets.”