Today, the platform-specific payment infrastructure provider, Mangopay and VTEX (NYSE: VTEX ), the enterprise digital commerce platform for premier brands and retailers, announced their global partnership. 

In brief:

-The partnership will offer an integration that will enable marketplace operators to cover both pay-in and pay-out on a single solution

-Marketplaces powered by VTEX will be able to cater to local payment preferences thanks to Mangopay’s global payment infrastructure.

-The integration introduces a swift and seamless seller onboarding process, complete with thorough identity verification.

What does this mean?

“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.”