Railsbank and Yimba partner to enhance digital wallet experience

By Megha Bhattacharya

Railsbank, a global Banking-as-a-Service (BaaS) platform, has teamed up with Yimba to provide its customers with products and services that will enhance their digital wallet experience with the likes of Apple Pay, Samsung Pay and Google Pay. The partnership will provide Yimba with complementary services to the growing number of products already provided by Railsbank and also rapidly expand partners utilising its services.

Yimba’s CEO Robert Dowd said, “The Yimba proposition has really struck a chord with our customers. We are working with multiple organisations and have support from the networks and wallets across the global marketplace. Moving forward, we aim to expand our portfolio of partners and also offer consumers a broader array of additional products and services. The partnership with Railsbank will greatly facilitate this growth.”

Yimba, launched in 2019, has developed a software platform that embraces the accelerated adoption of contactless payments to enhance the customer experience. It is supported by CRM and marketing capabilities that are uniquely delivered via a cloud-based system and integrated directly across the proprietary payment networks.

Louisa Murray, Railsbank COO UK and Europe added, “We are delighted to be a partner of the Yimba team who, like us, are pioneers in the financial services arena. We have worked closely with them on this latest innovation and believe it will be welcomed by all financial sectors, including networks and digital wallet providers who will quickly see the potential of this new and compelling digital wallet-based marketing platform.”

Recently, Payhawk announced the launch of one-click bill payments and reimbursements powered by a partnership with Railsbank. The FinTech also joins the Xero App Marketplace with a live bank feed to fully automate reconciliation of all company payments.