Omnichannel payment gateway Paybyrd has chosen Mangopay, a modular and flexible payment infrastructure provider for platforms, to provide a bespoke solution that will optimise the management of funds for the merchants it supports, 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 fully customisable embedded e-wallet and payout technology, combined with its industry-leading virtual IBAN and FX capabilities, 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.
Mangopay specialises in providing modular, embeddable payment and fintech infrastructure that powers leading platforms worldwide. Its award-winning payment solutions enable platforms to build customised payment infrastructures which facilitate local and global business growth, enhance user experiences, and safeguard against fraud.
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.”