Payplug and Mangopay partner to strengthen payments offering for marketplaces and platforms

February 20 2024; Paris, France: Payplug, an omnichannel payment solution designed for merchants, retailers, and fintechs, has announced a partnership with Mangopay, a modular and flexible payment infrastructure provider for marketplaces and platforms.

The partnership will allow clients to benefit from a complete, seamless payment solution with Mangopay’s marketplace capabilities, including payout solutions, to complete Payplug’s pay-in expertise. The partnership will support businesses across Europe. Payplug and Mangopay are both headquartered in Paris and already share several mutual clients.

As a payment service provider and acquirer, Payplug’s solution combines performance and security, mastering the entire payment chain to optimise each transaction stage, facilitate critical data sharing, financial processing and fraud management in line with regulation.

Leveraging its direct connection to the Cartes Bancaires (CB) network, which represents 20% of the total value of transactions in the Eurozone, and Groupe BPCE, first Visa issuer in Europe, Payplug enables its customers to benefit from advantageous programs, resulting for instance in 98% of frictionless requests accepted on BPCE traffic and higher than average results for payments made via CB: +1.8 successful authentication rate points and +7 frictionless rate points. With VISA and Mastercard licences, Payplug also supports multiple currencies worldwide.

Mangopay has been providing its modular payment infrastructure to marketplaces since 2013. Flexibility is at the heart of its approach, and its modular solution is designed so that marketplaces can select and create a specific payments infrastructure to meet their needs.

Antoine Grimaud, CEO at Payplug said: “This partnership enables platforms and marketplaces to benefit from the best of both worlds as we add Mangopay’s leading payout solution to our payment chain expertise.

“We pride ourselves on providing frictionless, high-performance pay-in solutions, combined with secure, fraud-fighting technology.

“By joining forces with Mangopay, we are able to serve marketplaces and provide a smooth payment process from the purchase by the customers, to the settlement to marketplace sellers.”

Romain Mazeries, CEO at Mangopay, said: “We’re constantly working to make our payment infrastructure ever more flexible to provide our platform and marketplace clients with a modular solution to suit their exact requirements and to help them scale.

“Working with partners such as Payplug are a key part of this strategy as we continue to grow our partner ecosystem, strengthen our proposition and broaden the solutions available to our clients.

“We have known Payplug since its inception, and it’s great to be working together again to provide clients with holistic, seamless and secure payment solutions.”

About Payplug

Based in France, Payplug is an omnichannel payment solution designed for merchants, retailers, and fintechs. Its technology platform, dedicated conversion tools and expertise in the payment chain are available through its turnkey modules, API and payment orchestrators. The company consists of a team of 350 dedicated to realising the ambitions of merchants and providing them with a network of over 800 partners. Payplug currently supports 17,000 merchants such as Hast and Plantes pour tous, as well as groups such as BackMarket, Veepee and kiwi.com. Payplug has been part of Groupe BPCE and its Digitalun and Payments division dedicated to payment, digital and data expertise since 2017. www.payplug.com

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