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Payplug and Mangopay unite on payments for European marketplaces

By Gloria Methri

February 21, 2024

  • Europe
  • FinTech
  • France
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Payplug, Mangopay, Omnichannel Payments, Payment Infrastructure Provider, FinTech, France, EuropePayplug, an omnichannel payment solution has partnered with Mangopay, a modular payment infrastructure provider for marketplaces and platforms.

The partnership will provide clients with Mangopay’s seamless payment solution, including payout solutions, to complete Payplug’s pay-in expertise. Based in Paris, Payplug and Mangopay already share several mutual clients and the partnership will further support businesses across Europe.

As a payment service provider and acquirer, Payplug’s solution combines performance and security, facilitating 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, a Visa issuer in Europe, Payplug offers its customers advantageous programs. With VISA and Mastercard licences, Payplug also supports multiple currencies worldwide.

Mangopay has been providing its modular payment infrastructure to marketplaces since 2013. Its modular solution is designed so that marketplaces can select and create a specific payment 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 can 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 are 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 is 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.”

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