Paybyrd taps Mangopay to optimise payments for merchants

By Gloria Methri

Omnichannel payment gateway Paybyrd has partnered with Mangopay to provide a bespoke solution that will optimise the management of funds for its merchant clients, including TAP Air Portugal, Decathlon and Vila Galé Hotels, among others.

Paybyrd provides online and in-store payment orchestration for more than 2,200 clients in the retail, travel, hospitality and technology sectors. Mangopay’s customisable embedded e-wallet and payout technology will allow Paybyrd to streamline reconciliations and provide transparency and effectiveness throughout the payment process.

Through this partnership with Mangopay, Paybyrd will be able to offer multi-currency settlement and bulk payouts, fuelled by Mangopay’s flexible virtual IBAN, global payouts and FX solution.

Arjan Molenkamp, Paybyrd’s General Manager, said, “By partnering with Mangopay, we have elevated the Paybyrd offering through optimised multi-currency payments and seamless FX integration. This collaboration improves efficiency, reduces costs, and provides better experiences for our clients.”

Alexis Ammar, Director of Strategic Sales at Mangopay, said, “We are delighted to be working with Paybyrd to provide an improved experience for their merchants. Our partnership is a great example of how our flexible payments infrastructure can solve complex challenges, improve efficiency and support growth.”

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. Its payment solutions enable platforms to build customised payment infrastructures which facilitate local and global business growth, enhance user experiences, and safeguard against fraud.

Founded in 2018, Paybyrd has developed an innovative Omnichannel solution for payment management. Its service simplifies transactions both online and at Automatic Payment Terminals (APT), streamlining the entire process through a single contract and easy integration. Paybyrd’s cutting-edge Fintech platform simplifies the complexities of payment processing, offering unparalleled flexibility.