In a significant development in the fintech sector, omnichannel payment gateway Paybyrd has partnered with Mangopay, a leader in modular payment infrastructure, to improve fund management for its merchants. This collaboration aims to streamline payment processes and enhance user experiences across various sectors, including retail, travel, hospitality, and technology.
Partnership Overview
Paybyrd’s choice of Mangopay underscores its commitment to providing a bespoke payment solution for over 2,200 clients, including notable names like TAP Air Portugal, Decathlon, and Vila Galé Hotels. The integration of Mangopay’s customisable embedded e-wallet and payout technology will optimise the reconciliation process, ultimately fostering greater transparency and efficiency throughout the payment journey.
Arjan Molenkamp, General Manager at Paybyrd, expressed enthusiasm for the partnership, stating, “By partnering with Mangopay, we have elevated the Paybyrd offering through optimised multi-currency payments and seamless FX integration. This collaboration improves efficiency, reduces costs, and provides better experiences for our clients.”
Enhancing Payment Processes
Through this collaboration, Paybyrd will benefit from Mangopay’s advanced capabilities, which include multi-currency settlements and bulk payouts. These features are bolstered by Mangopay’s flexible virtual IBAN and global foreign exchange (FX) solutions. The partnership aims to simplify the complexities of payment processing, providing Paybyrd’s merchants with a more effective tool for managing their funds.
Alexis Ammar, Director of Strategic Sales at Mangopay, commented on the partnership’s potential: “We are delighted to be working with Paybyrd to provide an improved experience for their merchants. Our partnership is a great example of how our flexible payments infrastructure can solve complex challenges, improve efficiency and support growth.”
About the Companies
Mangopay, established in 2013, has made a name for itself in the platform economy with its modular payment solutions, which encompass a wide range of needs from pay-in to payout, including comprehensive fraud prevention and FX services. The company has processed over €100 billion in transactions and currently serves more than 250 million end users. In recognition of its innovative services, Mangopay was named among CNBC’s World’s Top Fintechs in July 2024.
Founded in 2018, Paybyrd is dedicated to simplifying payment management through its cutting-edge omnichannel solutions. The company aims to streamline transactions both online and at Automatic Payment Terminals (APTs), ensuring a seamless experience for its clients.
Conclusion
The partnership between Paybyrd and Mangopay signifies a pivotal moment in enhancing payment solutions for merchants. By leveraging Mangopay’s advanced technology, Paybyrd is poised to deliver improved efficiency and cost-effectiveness to its clients. As both companies continue to innovate, they are set to redefine the payment landscape across Europe.
