Mobile.de enlists Mangopay to transform the car-buying experience

February 14 2024; Cologne, Germany: Germany's largest automotive marketplace mobile.de has appointed Mangopay, a modular and flexible payment infrastructure provider for marketplaces and platforms, 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 get paid for their vehicle within the trusted environment of the marketplace. By embedding payments within the platform the new solution is more user friendly for consumers making transactions when buying or selling their car.

Using Mangopay’s wallet-based payment technology, following an easy money transfer process, consumers buying a car through mobile.de’s marketplace can rest assured that their funds will be transferred only once they confirm that the purchase is safely in their hands and they are happy with it. Sellers are also given peace of mind that the funds are being processed in a trusted environment and the transaction will be made into an account of their choice. The new end-to-end user journey means consumers do not need to leave the mobile.de-branded experience which 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. Together with its partner platform Kleinanzeigen, mobile.de is visited by around 20 million unique users every month. mobile.de also offers financing and leasing options.

Ajay Bhatia, CEO at mobile.de said: “For many people, buying a car is one of their biggest investments, and there is a great need for a safe payment solution. Therefore mobile.de has launched "Safe Pay" in close cooperation with Mangopay. We are convinced that Safe Pay will drastically improve the user's car buying journey.”

Romain Mazeries, CEO at Mangopay, added: “Supporting the growth ambitions of the marketplaces we work with is core to our mission at Mangopay, and we are delighted to be working with mobile.de to transform its offer and customer journey. We are committed to driving their growth and delivering an exceptional user experience through our solutions.”

About Mangopay

Mangopay empowers the platform economy with its modular payment infrastructure. Created in 2013, Mangopay has supported 2,500+ platforms and marketplaces. Built around its programmable e-wallet solution, Mangopay’s end-to-end infrastructure covers platform payment needs, from pay-in to payout, for many platform business models and workflows. In March 2023, Mangopay was named “Best Platform and Marketplace Provider” at the Merchant Payments Ecosystem (MPE) Awards for providing best-in-class payment services to marketplaces and platforms and in October 2023 it was named one of FXC Intelligence’s most promising cross-border payment companies. www.mangopay.com

Contact press@mangopay.com

About mobile.de

mobile.de is Germany's largest vehicle market with around 1.4 million advertised cars, commercial vehicles and motorbikes. Both private customers and more than 40,000 registered vehicle dealers use the platform. Leveraging the advertising reach of its sister platform Kleinanzeigen, mobile.de offers car dealers a reach of 20 million individual users per month (source: AGMA digital facts; mobile.de, classifieds (categories: cars, motorbikes, commercial vehicles, motorhomes); average month April 2022 to March 2023). As a "one-stop shop", mobile.de's offering includes financing and leasing solutions in addition to buying and selling.

Founded in 1996, the company, like Kleinanzeigen, is a subsidiary of Adevinta, one of the world's leading providers of online classifieds portals.