Nyla leverages Mambu core banking to launch shari'ah-compliant neobank. Powered by Nyla and Mambu partner to power Africa's first shari'ah-compliant neobank launch. Nyla and Mambu announced a partnership to launch Africa's first Islamic neobank in Ghana this June, using Mambu's core banking platform to deliver scalable Shari'ah-compliant digital services. The collaboration targets 10,000 sign-ups and $500,000 in transactions in the first month, with over 33,000 users currently on the waitlist. The move addresses Africa's 2% share of the $7 trillion global Islamic finance market. Announcement specifics. Nyla will leverage Mambu's API-driven, cloud-native core banking engine hosted on AWS for account creation, product configuration, balance management, and transaction processing. Initial offerings include digital current and savings wallets, peer-to-peer transfers, bill payments, and card-linked accounts. The June 2026 launch in Ghana will be followed by expansion into Nigeria, Senegal, and Gambia over 24-36 months, targeting 400,000 users by year-end. Stakeholder perspective A. "Our long-term ambition is to build the largest Islamic bank in the world. By combining ethical banking principles with scalable technology, we aim to confront financial exclusion with a lasting and practical solution. Collaborating with Mambu gives us the foundation to execute that vision with speed and compliance." - Mubarak Sumaila, CEO at Nyla Why it matters: This underscores Nyla's strategic vision to address financial exclusion for millions across underserved Muslim communities in Africa. Stakeholder perspective B. "Our platform is purpose-built to support Islamic and non-interest banking products, enabling institutions to innovate while maintaining compliance and operational resilience. This collaborative partnership reflects the growing demand for modern, scalable Islamic digital banking solutions." - Mark Geneste, CRO at Mambu Why it matters: Mambu's technical infrastructure enables compliant scaling without requiring custom-built solutions, accelerating time-to-market for Shari'ah-compliant products. Industry context. Islamic finance exceeds $7 trillion globally, yet Africa holds just 2% of this market despite rising demand for ethical financial services. Neobanks like Nyla fill critical gaps in digital access by using composable banking platforms for rapid product innovation while maintaining religious compliance standards. In West Africa, where financial inclusion remains low, Nyla's mobile-first model provides Shari'ah-compliant alternatives that could onboard hundreds of thousands of users and stimulate local economies through ethical banking products aligned with Islamic principles. Conclusion. Nyla plans to introduce additional products including debit cards, remittances, buy-now-pay-later services, Sukuk, and business banking services, positioning the neobank to capture significant market share and establish a new standard for Islamic fintech across the African continent. Reach industry leaders, innovators, and decision-makers in the fintech community. Submit Your PR

Mambu expands its payments hub beyond europe into Asia and Latin America. * Mambu is expanding its payments hub globally, launching in new markets across EMEA, Latin America, and Asia Pacific. * The global move comes in response to growing demand from banks and fintechs operating across multiple payment schemes and jurisdictions. * Mambu's API-first payments hub extends the company's composable core banking offering to help institutions modernize and scale payments alongside lending and deposits. Cloud banking platform Mambu is expanding its payments hub into new global markets this year, with plans to launch in additional markets in EMEA, Latin America, and Asia Pacific. Mambu said demand from global banks and fintechs operating across multiple payment schemes and jurisdictions drove this week's expansion. Mambu was founded in 2011 and emerged as one of the pioneering players to move banking software to the cloud. The company's composable banking approach offers a plug-and-play approach to core banking that helps firms shift away from legacy platforms and build to scale. As payments become a more central part of Mambu's long-term platform strategy, the company is positioning its payments hub as a natural extension of its core banking business. "For years, Mambu's core banking platform has long been the engine behind hundreds of the world's most innovative financial players. Payments are now a cornerstone of our strategy as we help institutions navigate the industry's growing complexity," said Mambu VP of EMEA Leon Stevens. "We are poised to help modernize core infrastructure and accelerate innovation across the entire banking stack - from lending and deposits to payments and beyond." Launched in 2025 and fueled by the acquisition of payment gateway company and Finovate alum Numeral, Mambu's payments hub aims to help firms modernize their entire payments stack with an API-first payments hub. With native straight-through processing, orchestration, liquidity, reconciliation, fully-managed connectivity to local and global payment schemes, and composable payment workflows, Mambu's payments hub facilitates a faster, lower cost approach that can easily be scaled. From an execution standpoint, Mambu sees growing complexity across global payment ecosystems as a key driver behind the expansion. "Payments are becoming more global and more local, more interconnected and more fragmented, and now move in real-time," said Mambu VP Payments Edouard Mandon. "This complexity makes scaling payments across multiple markets challenging. To solve this, we have expanded our payments hub to give institutions access to local schemes while maintaining a consistent integration and operational experience. This continues our investment in connectivity at scale, which increasingly includes next-generation rails, to deliver payment solutions truly built for the future." Since launching, Mambu's payments hub processed seven times as many payments in 2025 than what it did in 2024 when it was under the Numeral brand. Also in the nine months since launch, the company added European and global financial institutions, including Western Union, BCB Group, Flowe, and Spendesk. As payments become increasingly global, the subsector is becoming a strategic battleground for banks as they seek to grow and modernize their technology stacks, especially as payments mix real-time, legacy, and new payment rails across multiple regions. Offering the ability to standardize integration while natively embedding payments into its composable banking platform will ultimately help Mambu's clients scale faster while limiting complexity. Mambu plans to continue expanding connectivity to major payment rails worldwide in an effort to help banks support payment schemes through a single platform. The company notes that its geographical expansion marks the next phase of its international growth, especially as it further builds out global core banking and payments infrastructure.

Mambu Payments expands in Asia through its Payments Hub platform. * Payments * 25.02.2026 08:40 am Mambu, the leading SaaS cloud banking platform, today announced the expansion of its Payments Hub solution into new territories, marking the first time the platform will be available to customers in Asia. The expansion builds on strong adoption of Mambu Payments Hub by banks and fintechs operating across multiple payment schemes and jurisdictions, further broadening the portfolio of Mambu Payment solutions available in Asia. Mambu Payments Hub is a cloud-native, API-first payments orchestration platform designed to help financial institutions manage and process payments across multiple schemes and rails from a single system. With the Mambu Payments Hub financial institutions can also build, launch and scale payment offerings faster and at a lower cost while ensuring regulatory compliance. With Mambu's Payments Hub, financial institutions can: * Centralise payment operations through a scalable, event-driven platform * Streamline payment processing, liquidity management and reconciliations across schemes and markets * Scale securely via an API-first cloud platform that grows with demand * Accelerate time-to-market when onboarding new banking partners (up to 6x faster) and connecting to new schemes * Reduce operational overhead by minimising manual tasks and file handling David Becker, Managing Director, Head of APAC Sales at Mambu said: "The payments landscape in Asia is transforming at unprecedented speed, driven by rising demand for instant, seamless and embedded payment experiences. To enable banks and fintechs to seize this opportunity we are bringing Mambu's Payments Hub to Asia. Mambu's Payments Hub provides a modern, cloud-native platform that enables the orchestration of multiple payment rails, real-time payment processing, and the build and scaling of new payment solutions more quickly and efficiently and all on a single system." Mambu continues to expand connectivity to major payment rails worldwide, enabling financial institutions to support both established and emerging schemes through a single platform. This expansion marks the next phase of Mambu's international growth, as it continues to build global core banking and payments infrastructure that empowers fast-growing financial institutions to scale globally while remaining compliant and agile locally. Edouard Mandon, VP Payments at Mambu said: "Payments are becoming more global and more local, more interconnected and more fragmented, and now move in real-time. This complexity makes scaling payments across multiple markets challenging. To solve this, we have expanded our payments hub to give institutions access to local schemes while maintaining a consistent integration and operational experience. This continues our investment in connectivity at scale, which increasingly includes next-generation rails, to deliver payment solutions truly built for the future." Mambu Payments Hub is already being deployed by leading global financial institutions around the world including Western Union, BCB Group, Flowe and Spendesk, where it is being used to support payment flows at scale and underpinning expansion into new regions. * 05.03.2026 02:45 pm * 05.03.2026 11:35 am * 05.03.2026 11:15 am * 04.03.2026 11:05 am * 04.03.2026 09:15 am * 04.03.2026 09:05 am * 04.03.2026 08:55 am * 03.03.2026 07:45 am * 02.03.2026 10:15 am * 02.03.2026 09:25 am