Mobile.de collaborates with Mangopay

As per the information detailed in the press release, leveraging Mangopay’s wallet-based payment technology, which aims to have a simple process for transferring funds, allows consumers purchasing a car through Mobile.de’s marketplace to have the certainty of funds being transferred only after they confirm their acquisition. Additionally, sellers receive a trusted environment for processing transfers, with transactions being made into an account of their choice. The newly introduced end-to-end user journey enables consumers to not leave Mobile.de’s marketplace, conducting all their operations onto the platform. As an automotive marketplace, Mobile.de currently has approximately 1.4 million advertised cars, commercial vehicles, and motorcycles. The company’s services are used by both private customers and 40,000 registered automotive dealers, with Mobile.de also providing financial and leasing options.

According to Mobile.de’s officials, purchasing a car represents a major spending for many individuals and they require a payment solution that can ensure their safety and security. The collaboration with Mangopay allowed the company to launch Safe Pay, with the payment capability supporting the improvement of the user’s car buying journey. Representatives from Mangopay underlined that the company is committed to assisting the development of marketplaces and the partnership with Mobile.de aims to support the latter in enhancing its offer and customer experience. With its solutions, Mangopay intends to drive Mobile.de’s expansion and deliver a customer-centric approach. Mangopay’s modular payment infrastructure covers platform payment requirements, including pay in and payouts, for several platform business models and workflows. Since the beginning of its operations in 2013, the company supported over 2,500 platforms and marketplaces.

In addition to its collaboration with Mobile.de, Mangopay recently entered several partnership to advance its development strategy, including its alliances with Sprinque and Storfund. At the beginning of February 2024, Sprinque partnered with Mangopay to offer holistic payment solutions to merchants and B2B marketplaces. By joining forces, the two companies intended to enable merchants and marketplaces to leverage holistic and customisable payments infrastructures and terms, allowing them to expand revenues by tapping into B2B cross-border opportunities.

Prior to this announcement, Mangopay partnered with Storfund to provide marketplace sellers with the possibility to receive payments on the same day they complete a sale, removing the customary 10 to 30-day wait period. Marketplaces using Mangopay’s services were set to enable sellers on their platform to access immediate payments for their sales. The initiative was expected to enhance cash flow for businesses engaged in marketplace selling, offering them an increased flexibility and the ability to restore their inventory more frequently.