European Fintech Mangopay Partners with US Firm VTEX

Mangopay, a highly successful European Fintech company, has announced a strategic partnership with publicly traded VTEX, a leading digital commerce platform. The aim of this alliance is to simplify digital transactions on a global scale, offering marketplace operators an integrated solution for both pay-ins and pay-outs.

With over 2600 customers, VTEX provides digital commerce services to large corporations, while Mangopay is a payments infrastructure firm that has gained considerable traction in Europe.

The collaboration between the two companies is expected to revolutionize efficiency and scalability in the marketplace industry. By combining their technologies, they aim to streamline the payment processes for sellers, marketplace operators, and end buyers.

One of the key benefits of this partnership is the ability for VTEX users to cater to local payment preferences seamlessly through a thorough seller onboarding process that includes identity verification.

Luke Trayfoot, Chief Revenue Officer at Mangopay, expressed his excitement about the partnership, stating that it represents a shared vision. He believes that this move will lead to automated and seamless payment processes, ultimately benefiting online enterprises.

Prakash Gurumoorthy, General Manager of EMEA & APAC at VTEX, explained that their decision to partner with Mangopay was driven by the need for a payment process tailored to the specific country where their customers operate.

Overall, this partnership between Mangopay and VTEX is expected to revolutionize the way digital transactions are carried out on a global scale, bringing greater efficiency and convenience to marketplace operators and users.

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