Debenhams Group links with Mangopay "to power marketplace growth"
The multi-year partnership will debut on the Debenhams marketplace 'as the group continues to scale its digital capabilities' and we're told the move 'will enable the brand to simplify payouts, enhance operations and create a future-ready foundation for seamless multi-vendor commerce'.
The news comes just a week after the online retail group announced a deal with Amazon Web Services 'to scale up its AI-driven tools' across its brands. And late last month it said it was enhancing its delivery service for an array of its brands through a partnership with InPost.
Now this deal with the Luxembourg-based payments specialist will see Debenhams integrating Mangopay's technology 'to enhance the way Debenhams manages multi-seller payments and real-time fund distribution on the platform, as well as the automation of reconciliation and invoicing.'
According to a recent Mangopay report, 43% of platform users prefer to pay and get paid via built-in wallets. 'As companies like Debenhams Group continue to embrace these shifts, they position themselves at the forefront of digital commerce by delivering flexible, intuitive, and efficient financial experiences across their ecosystems,' it said.
Debenhams operates a fast-growing marketplace that connects customers with over 15,000 premium brands and CEO Dan Finley said: 'As an online business, we're 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.'
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