Germany’s leading automotive marketplace, mobile.de, has officially chosen the renowned payments Fintech company, Mangopay, to implement a customized payment solution for its esteemed end users. This new collaboration is expected to bring about a transformation in the way consumers purchase and sell vehicles through the platform, by providing a trusted and secure environment for financial transactions.
Through the integration of payments directly into the platform, the new solution aims to offer a more user-friendly experience for consumers involved in car transactions. With the utilization of Mangopay’s advanced wallet-based payment technology, buyers on mobile.de’s marketplace can conduct seamless money transfers with the confidence that funds will only be released once they confirm the safety and satisfaction of their purchase.
Moreover, sellers will also gain the assurance that their funds are being handled within a trusted environment, with the flexibility to select their preferred account for transactions. This comprehensive user journey ensures that consumers can complete their vehicle transactions without having to leave the familiar and trusted mobile.de experience.
Established in 1996, mobile.de stands as Germany’s largest automotive marketplace, featuring over 1.4 million listings of cars, commercial vehicles, and motorcycles. The platform caters to both private customers and approximately 40,000 registered automotive dealers, attracting around 20 million unique visitors every month. In addition to its extensive listings, mobile.de offers financing and leasing options to meet diverse consumer needs.
Ajay Bhatia, the CEO at mobile.de, highlighted the significance of this partnership by stating, “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.”
Romain Mazeries, the CEO at Mangopay, also expressed his enthusiasm for the collaboration, emphasizing their dedication to enhancing the overall user experience on the mobile.de platform. As he mentioned, “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.”
Mangopay, which has been operating since 2013, has a strong track record of empowering the platform economy with its modular payment infrastructure. With over 2,500 platforms and marketplaces in its portfolio, Mangopay’s programmable e-wallet solution provides end-to-end infrastructure to cater to various payment needs, from pay-in to payout, for a wide range of platform business models and workflows.
In conclusion, the partnership between mobile.de and Mangopay represents a significant advancement in ensuring safe and secure transactions within the automotive marketplace. By prioritizing the enhancement of the user experience and the promotion of trust and confidence, the innovative Safe Pay solution is positioned to redefine the car buying journey for consumers and sellers alike.