Mangopay, a leading global wallet infrastructure provider, has broadened its Virtual Accounts product, more than tripling its currency coverage from seven currencies to 24.
With the enhancement, enterprise platforms can now take in payments across a wider range of currencies while keeping a separate dedicated wallet and account for each one. The company said this proprietary structure makes reconciliation more straightforward and gives businesses clearer oversight of the money they receive.
Platforms moving into new international markets frequently face the burden of setting up extra banking relationships, settlement procedures and reconciliation processes to handle multi-currency collections. By widening the currency scope of its Virtual Accounts, Mangopay aims to give scaling businesses a more uniform method for gathering and overseeing funds across different regions.
The upgraded offering now caters for business-to-business collections in 24 currencies, among them pound sterling (GBP), Swedish krona (SEK), Japanese yen (JPY), US dollar (USD) and Polish złoty (PLN), with the complete list published in the company’s documentation.
Mangopay CPO Andy Wiggan 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.”
Copyright © 2026 FinTech Global
Investors
The following investor(s) were tagged in this article.
