Mobile.de has appointed Mangopay to transform the car-buying experience via launching a tailored payment solution for its end users.
Through the collaboration, customers of Germany’s largest automotive marketplace are able to pay or get paid for their vehicle within the trusted environment of the marketplace, which is made possible by embedding payments within the platform.
The new solution is more user friendly for consumers who are making transactions when buying or selling their car, utilising Mangopay’s wallet-based payment technology.
Ajay Bhatia, CEO at Mobile.de, commented: “For many people, buying a car is one of their biggest investments, and there is a great need for a safe payment solution. Therefore mobile.de has launched “Safe Pay” in close cooperation with Mangopay. We are convinced that Safe Pay will drastically improve the user’s car buying journey.”
Mangopay’s technology increases trust for both the customer and the marketplace, allowing Mobile.de to only transfer funds once the purchase has been confirmed and the customer is happy with the deal.
Sellers are also given peace of mind that the transactions are being processed in a trusted environment and the funds will be delivered into an account of their choice.
Real-time payments platform Volt has also been supporting the automotive industry this year, partnering with Bumper to help car dealerships utilise the power of open banking.
The partnership brings open banking payments to customers of over 5,000 dealerships throughout the UK, with Volt powering Bumper’s ‘Pay Now’ function, which provides dealerships with the benefit of instant settlements that are tracked in real time.
It has been a busy year for the payment infrastructure provider, this month it announced a partnership with Sprinque, the B2B platform that helps merchants and marketplaces expand globally by enabling frictionless purchasing with business customers
Through the partnership, Mangopay aimed to allow merchants and marketplaces to take advantage of holistic and customisable payments infrastructures and terms, further enabling them to grow revenues by tapping into B2B cross-border opportunities.
Romain Mazeries, CEO at Mangopay, remarked: “Supporting the growth ambitions of the marketplaces we work with is core to our mission at Mangopay, and we are delighted to be working with mobile.de to transform its offer and customer journey. We are committed to driving their growth and delivering an exceptional user experience through our solutions.”
