Mangopay: Embedded Payments for the Automotive Marketplace
Mangopay, the modular, flexible payment infrastructure provider for marketplaces and other platforms, is truly on a mission to ease the process of buying and selling goods.
One such example is the firm’s partnership with fintech innovator Storfund, offering sellers the opportunity to eliminate the standard wait time for payment and instead activate immediate payment for sales.
And that momentum is continuing as Mangopay joins forces with mobile.de, Germany’s largest automotive marketplace, which has appointed Mangopay to launch a tailored payment solution for its end users.
Thanks to the new collaboration, consumers buying or selling through mobile.de are now able to pay or receive payment for their vehicle within the trusted environment of the marketplace.
By embedding payments within the platform, the new solution is seen as being more user friendly for consumers involved in these transactions.
“Supporting the growth ambitions of the marketplaces we work with is core to our mission,” comments Romain Mazeries, CEO at Mangopay.
“We’re delighted to be working with mobile.de to transform its offer and customer journey; and we’re committed to driving their growth and delivering an exceptional user experience through our solutions.”
Flexible payments infrastructure
Mangopay has been providing its modular payment infrastructure to marketplaces since 2013, during which time it has supported more than 2,500 platforms and marketplaces.
Flexibility is at the heart of the firm’s approach, with its modular solution designed so that marketplaces can select and create a specific payments infrastructure to meet their needs.
Built around its programmable e-wallet solution, Mangopay certainly hasn’t been short of recognition over the past 12 months.
The business was recently named ‘Best Platform and Marketplace Provider’ at the Merchant Payments Ecosystem (MPE) Awards for providing best-in-class payment services to marketplaces and platforms.
Mangopay was also named one of FXC Intelligence’s most promising cross-border payment companies.
Peace of mind for buyers and sellers
Using Mangopay’s wallet-based payment technology, and following an easy money transfer process, consumers buying a car through mobile.de’s marketplace can rest assured their funds will be transferred only once they confirm the purchase is safely in their hands and meets their expectations.
Sellers are also given peace of mind that funds are being processed in a trusted environment and the transaction will be made into an account of their choice.
This new, end-to-end user journey means consumers don’t need to leave the mobile.de-branded experience they know and trust.
Founded in 1996, mobile.de is Germany's largest automotive marketplace, with around 1.4 million advertised cars, commercial vehicles and motorcycles. Both private customers and about 40,000 registered automotive dealers use the platform.
“For many people, buying a car is one of their biggest investments, and there is a great need for a safe payment solution,” explains Ajay Bhatia, CEO at mobile.de.
“Therefore, mobile.de has launched ‘Safe Pay’ in close cooperation with Mangopay. We’re convinced Safe Pay will drastically improve the user's car buying journey.”
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