Mangopay expands Virtual Account currency coverage to support global platform growth
Today, leading global wallet infrastructure provider Mangopay announces an expansion to its Virtual Accounts offering, significantly extending currency coverage from seven to 24 currencies.
The update enables enterprise platforms to collect funds across more currencies while maintaining dedicated wallet and account separation for each currency. This proprietary architecture simplifies reconciliation and improves visibility over incoming payments.
As platforms expand internationally, managing collections across multiple currencies often requires additional banking relationships, settlement processes and reconciliation workflows. Expanding Virtual Account currency coverage gives platforms a more consistent way to collect and manage funds across markets as they scale globally.
Andy Wiggan, CPO at Mangopay, said: “For fast-growing platforms or marketplaces expanding globally, collecting funds in new currencies can create significant operational complexity. Entering new markets often means managing additional banking arrangements, account details, settlement processes, and reconciliation workflows, leading to fragmented operations across finance, product, and operations teams.
“Mangopay’s Virtual Account currency expansion is designed to reduce that complexity. Platforms can collect funds in more currencies using a consistent Virtual Account setup, helping to improve visibility over funds movement and simplify reconciliation across markets. As platforms scale rapidly, this ultimately helps to drive commercial impact by supporting better revenue flows.”
The expanded Virtual Accounts offering now supports business-to-business collections in the following 24 currencies including pound sterling (GBP), Swedish krona (SEK), Japanese yen (JPY), US dollar (USD), Polish złoty (PLN), with the full list available here.
