Omnipresent chooses Mangopay to power new global employment product with embedded multi-currency solution

June 11 2024; London, UK: Omnipresent, a leading provider of global employment solutions, has partnered with Mangopay, a modular and flexible payment infrastructure provider for platforms, to power its new Contractor Management Solution.

Mangopay is providing pay-in, e-wallet, payout and FX infrastructure for the new addition to the Omnipresent platform, which will streamline contractor management in over 200 countries by ensuring seamless multi-currency payments, compliance, and administrative efficiency for businesses.

Omnipresent’s Employer of Record service helps businesses effortlessly employ international teams in countries where they don’t have an entity. Its new Contractor Management Solution is designed to solve the complexities of managing an international contractor workforce.

This new Contractor Management Solution helps global businesses send payments to contractors in regions where there is no company presence. Specifically, it helps customers ease the administrative burden of tracking contractor invoices, and ensure timely payments. It is also designed to reduce the risk of contractor misclassification, which can lead to legal complications and financial penalties.

Leveraging Mangopay’s industry-leading FX capabilities, the Omnipresent Contractor Management Solution allows businesses to optimise multi-currency payments as part of its compliant end-to-end fund management flow.

Founded in 2013, Mangopay supports multiple business models in the platform economy with its modular payment infrastructure. Licensed as an Electronic Money Institute by the Financial Conduct Authority in the UK, its programmable, embedded e-wallet solution covers platform payment needs, from pay-in to payout, including currency conversion solutions and AI-driven fraud prevention technology.

Yoav Artzi, VP of Product, Omnipresent said: “As companies expand their international footprint, managing contractors efficiently becomes crucial. However, businesses often face challenges in ensuring timely payments, tracking invoices, and navigating complex compliance landscapes. Our solution, powered by Mangopay’s payments infrastructure, specifically addresses the complex risks of misclassification, ensuring companies can operate with confidence and focus on their core activities. We're making international contractor management not just easier, but also safer.”

Alex Taylor, Mangopay’s UK Head of Sales, said: “We are delighted to be playing a vital role in the launch of such an innovative and exciting new product from Omnipresent. The solution we are providing is a great example of how our modular and flexible infrastructure is able to support specific use cases for employment and HR platforms. In particular, this partnership highlights the power of our FX solution, as it enables Omnipresent customers to seamlessly manage international payments in a compliant and efficient manner, reducing operational costs and providing an improved experience for users.”

About Omnipresent

Omnipresent is a global employment solutions provider that simplifies international hiring, onboarding, payroll, and compliance. By offering a comprehensive suite of services, Omnipresent enables businesses to build and manage their global teams with ease, ensuring compliance and operational efficiency. Headquartered in London, Omnipresent serves thousands of clients and operates in over 200 countries, supporting businesses of all sizes in their global growth journeys.

https://www.omnipresent.com

About Mangopay

Created in 2013, Mangopay empowers the platform economy with its modular payment infrastructure. Built around its programmable e-wallet solution, Mangopay’s end-to-end infrastructure covers platform payment needs, from pay-in and payout to comprehensive fraud prevention and FX, for many business models and workflows. The company has more than 250 million end users of its services and has processed over €100bn in transactions since its inception. In March 2023, Mangopay was named “Best Platform and Marketplace Provider” at the Merchant Payments Ecosystem (MPE) Awards for its best-in-class payment services and its Fraud Prevention solution won a Fintech Breakthrough Award in March 2024.