Mangopay and VTEX Partner to Elevate Global Marketplace Success 

Mangopay, a platform-specific payment infrastructure provider and VTEX ( NYSE: VTEX ), the enterprise digital commerce platform for premier brands and retailers, announced a global partnership to offer an integration that will enable marketplace operator to cover both pay in and pay out on a single solution. Together, they aim to bolster the limitless growth of global marketplaces by ensuring frictionless buying and selling experiences.

As the world anticipates an impending recession, retail businesses are intensifying their platformisation efforts. In these times, the search for external expertise to navigate intricate business models and dynamic customer demands has become paramount. Recognising this challenge, Mangopay and VTEX have joined forces to redefine the dynamics of marketplace operations.

This collaboration signifies a groundbreaking shift towards enhanced efficiency and scalability in marketplaces. Marketplaces powered by VTEX will be able to cater to local payment preferences, thanks to Mangopay’s modular global payment infrastructure. Integration introduces a swift and seamless seller onboarding process, complete with thorough identity verification.

“This significant alliance symbolises a further alignment of our shared vision with VTEX to adeptly address our clients’ financial services requirements.,” said Luke Trayfoot, Chief Revenue Officer at Mangopay. “This move facilitates an automated, seamless payment process benefiting sellers, marketplace operators and the end buyers. Merging the top-tier technology from both our companies paves the way for novel opportunities for online enterprises.”

“We sought a partner capable of empowering our global customer base to realize limitless growth in a scalable marketplace. Mangopay’s international reach enables VTEX to provide a seamless payment process tailored to the country where our customer is operating,” said Prakash Gurumoorthy, General Manager EMEA & APAC at VTEX. “This partnership represents a unique alignment between two companies that share a lot in terms of customer positioning: B2C, B2B and marketplace for major retail companies. We are glad to bring to the market such a combination.”