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How Purpl is Transforming Lebanon’s Remittance Industry

When the founders of Purpl launched their remittance start-up in Lebanon last year, their aim was to solve an increasingly difficult — and expensive — challenge for millions of Lebanese people living abroad: sending money home to friends and family after the collapse of the country’s banking sector.

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Purpl Selects Mambu to Enable Expansion

Purpl recognised the need for an ecosystem designed to leverage new technologies. Mambu’s cloud platform will underpin the fintech’s offering as it evolves products and services based on customer needs. Purpl is the technology hub between remittance and cash-out partners, promising low fees on the sender side and no cash-out fees on the beneficiary side.

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Purpl Partners With Mambu

Purpl, a remittance and cash out aggregator combined with a digital wallet for Lebanon, today announced it has selected Mambu to scale operations in the region. Purpl recognised the need for an ecosystem designed to leverage new technologies. Mambu’s cloud platform will underpin the fintech’s offering as it evolves products and services based on customer needs.