Mangopay, a very successful European Fintech, has revealed a partnership with publicly traded VTEX (NYSE: VTEX), according to a company statement. VTEX is a digital commerce platform that serves big companies with more than 2600 customers. Mangopay is a payments infrastructure firm that has garnered significant traction in Europe.
The alliance between the two firms aims to simplify digital transactions globally. The two companies will offer an integration that is expected to enable marketplace operators to cover both pay-in and pay-out on a single solution.
Mangopay said the collaboration “signifies a groundbreaking shift towards enhanced efficiency and scalability in marketplaces.”
Users of VTEX will be able to cater to local payment preferences with a” seamless seller onboarding process, complete with thorough identity verification. ”
Luke Trayfoot, Chief Revenue Officer at Mangopay, said the partnership symbolizes a shared vision.
“This move facilitates an automated, seamless payment process benefiting sellers, marketplace operators and the end buyers. Merging the top-tier technology from both our companies paves the way for novel opportunities for online enterprises.”
Prakash Gurumoorthy, General Manager of EMEA & APAC at VTEX, said they sought a partner that provides a payment process tailored to the country where their customer is operating.
