payment<\/a> technology. The collaboration aims to simplify multi-seller payouts, optimise operational processes and create a scalable foundation for seamless multi-vendor commerce.<\/p>\nThe partnership will launch with Debenhams, the UK\u2019s well-known online department store, as the Group continues to expand its digital capabilities to meet the evolving demands of modern retail.<\/p>\n
The Debenhams marketplace connects customers to a network of more than 15,000 premium brands. The new payment solution will enable more efficient management of multi-seller transactions, including real-time fund distribution, automated reconciliation and improved invoicing.<\/p>\n
Dan Finley, Chief Executive Officer of Debenhams Group,<\/strong> said, \u201cAs an online business, we\u2019re constantly evolving to meet the needs of modern retail, from how customers shop to how sellers transact. Mangopay offers the flexibility and strategic insight we need to optimise our marketplace operations. Their wallet-based infrastructure integrates effortlessly with our existing systems, allowing us to unlock efficiency without disruption.\u201d<\/p>\nJonathan Greenland, Sales Director at Mangopay,<\/strong> said, \u201cWe\u2019re always proud to offer our wallet-based services to leading platforms such as Debenhams. When we\u2019re working with innovative clients, it pushes us to be even more ambitious in how we evolve and deliver our infrastructure. We\u2019re looking forward to seeing our joined forces thrive in this dynamic platform ecosystem.\u201d<\/p>\nRecent research from Mangopay shows that more than 43% of platform users prefer to pay and be paid through built-in wallets. With demand for integrated digital payment experiences rising, platforms that adopt flexible wallet solutions are better placed to deliver streamlined transactions and improved user journeys.<\/p>\n
As the Group broadens its marketplace capabilities, the collaboration with Mangopay reinforces Debenhams\u2019 strategy to offer a reliable, scalable payment framework that supports sellers and customers alike, while future-proofing the platform for continued growth across its wider portfolio of online brands.<\/p>\n","protected":false},"author":35851,"featured_media":569054,"parent":0,"template":"","categories":[11395,11381,41779,11368,42764,11379,35279,41795,11378,11384],"tags":[12663,11668,12004,11438,11409,11508,11418,12801,11420,12580],"class_list":["post-569053","ibsi_news","type-ibsi_news","status-publish","has-post-thumbnail","hentry","category-analytics","category-artificial-intelligence","category-banktech","category-core-banking","category-digital-payments","category-lending","category-loans","category-mobile-banking","category-open-banking","category-payments","tag-ai","tag-cross-border-payments","tag-digital-lending","tag-digital-payments","tag-digital-transformation","tag-europe","tag-instant-payments","tag-payments","tag-payments-as-a-service","tag-wallet"],"acf":[],"yoast_head":"\n
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