Bank-in-a-box launch is MuchBetter
UK payments company MuchBetter has unveiled its “bank-in-a-box” solution to let organisations launch branded production wallets.
Wants to win with white-labelled service
The idea is to let firms take control of their users’ payments service and get to market faster with a “low-cost” financial product.
MuchBetter co-founder Prasannaa Muralidharan says: “Over the last year, we have been approached by a number of companies including gaming firms and fintech start-ups who wanted to white label our solution and build various offerings on top of it.”
He adds: “Bank-in-a-box offers precisely what the name suggests. It comes with out of the box back-end and front-end solutions, which can be branded to meet the needs of our clients and with full API support to develop completely custom applications using our infrastructure.”
The white-labelled payments service also offers online and offline payments for mobile and fingerprint. The firm is targeting sectors outside of fintech as well – such as gaming, travel and retail.
The solution partners with several service providers including Wirecard, GPS and Digiseq. It comes with a back-office and fraud management system.
MuchBetter was founded in 2016 and is operated by MIR Limited UK, a Financial Conduct Authority (FCA) licensed and regulated e-money issuer.
