InstaXchange selects Mangopay to offer multi-currency on-ramp payments

November 27, 2025: The global crypto platform InstaXchange has selected Mangopay to support its multi-currency fiat-to-crypto payments and bring more localized experiences to their users across various markets, with Mangopay providing all fiat payments and virtual IBAN services.

InstaXchange enables individuals and businesses to instantly buy, sell and exchange cryptocurrencies with fiat through various payment methods, subject to payment processing times and compliance verification procedures. To offer true localization across Europe’s fragmented payment landscape, the platform has found the right setup in Mangopay’s wallet infrastructure, virtual IBANs, global multi-currency coverage, and local payment methods such as Bancontact, iDEAL, BLIK, and Tink.

The crypto platform will also use Mangopay’s fraud prevention solution, which combines profiling capabilities with AI-assisted monitoring tools well-suited to crypto on-ramp use cases, reducing exposure to fraud for both users and the platform.

The virtual banking environment that Mangopay provides means each InstaXchange user holds a local EU country virtual IBAN linked to their account. Deposits sent to these IBANs are received and held by Mangopay within a secure and compliant framework, and these funds can then be used for crypto purchases on InstaXchange.

This multi-currency setup allows InstaXchange users to conveniently fund their cryptocurrency purchases and receive payouts in their home currency, with all fiat balances held and processed by Mangopay.

Wallets and virtual IBANs complement each other in a way that’s especially useful for crypto services. Combined, they offer real-time fund availability, automated checks, multi-currency use, and built-in compliance. This is essential for InstaXchange, which serves users across different markets who want a flexible way to move between fiat and crypto.

“Working with a trusted partner like Mangopay gives us a real competitive edge as we expand cross-border while still offering our users a local payment experience," says Martha Leventi, Head of Operations at InstaXchange. The wallets capabilities have been well-received by our community, and their profiling-led fraud prevention rounds out the full suite we need. We’re looking forward to the next phase of our work together, especially as crypto adoption accelerates and new use cases emerge where a wallet-first infrastructure gives us room to grow.”

“InstaXchange joins the growing number of platforms powered by Mangopay, demonstrating how our wallet-first payments infrastructure can support both traditional and digital assets all within the same trusted framework,” added Andy van Susteren, VP of Sales at Mangopay. “For over a decade, Mangopay has built a strong track record across re-commerce, on-demand, fintech, and travel verticals. We are now extending our capabilities to support emerging sectors such as crypto, enabling platforms like InstaXchange to manage complex multi-party payment flows with more flexibility and control.”

Crypto adoption is gaining solid ground, and the on-ramp space is now a major entry point for both businesses and users. InstaXchange alone now processes more than one billion dollars in volume per year, reflecting how active this space is. Mangopay and InstaXchange stand within this growing ecosystem, with an infrastructure that meets today’s demands and adapts to what comes next.

About InstaXchange

InstaXchange is a global crypto exchange platform that enables individuals and businesses to instantly buy, sell, and exchange cryptocurrencies with fiat money through SEPA transfers, cards, Apple Pay, Google Pay, PayPal, and more than 20 other local payment methods. Available in over 150 countries in line with local regulatory requirements., InstaXchange combines transparent pricing, strict regulatory compliance (KYC/KYT/GDPR), and 24/7 multilingual support. Its plug-and-play API allows merchants, fintechs, and payment providers to integrate crypto services seamlessly into their own ecosystems.

InstaXchange operates as a virtual asset service provider (VASP). All fiat payment services, including receiving, holding, and processing of fiat currency, are performed by its regulated payment services partners, including Mangopay as a licensed Electronic Money Institution. Users enter into direct contractual relationships with these payment service providers for fiat currency transactions.

About Mangopay

Founded in 2013, Mangopay is the wallet-first infrastructure for multi-party payment flows, designed to give platforms the control, scalability, and revenue opportunities they need to thrive. Mangopay offers programmable wallets that mirror real-world multi-party experiences, enabling platforms to hold, split, and move funds across buyers, sellers, and partners, while unlocking new monetization streams.

Mangopay powers platforms with white-label infrastructure, offering IBANs, FX, acquirer-agnostic processing, and fast cross-border payouts, all secured by AI-driven fraud and compliance tools. With over €150 billion processed, 430 million wallets created, and 330 million users onboarded, Mangopay has demonstrated scale and reliability.