Mangopay Extends Long-standing Payments Partnership with Vinted

After more than a decade of scaling together, marked by sustained growth in transaction volumes, international reach, and member base, Vinted has decided to extend its partnership with Mangopay as its payment service provider across Europe.   

Mangopay will keep providing its wallet infrastructure, payment processing, and payout capabilities, working closely with Vinted’s own in-house payment service provider, Vinted Pay. The expanded scope of collaboration is aligned with both the scale already achieved and the expected growth trajectory.   

This long-term commitment reflects Vinted’s trust in Mangopay and their confidence in an infrastructure designed to support continued business development.   

From an early-stage marketplace to a re-commerce leader   

With a mission to make second-hand first choice, Vinted has grown into one of the leading second-hand platforms.  

Mangopay provided the flexibility needed not only to manage multi-party payment flows, but also to support Vinted in identifying the right business and revenue model. By enabling various fee structures, Mangopay helped Vinted assess how it captured value across its ecosystem.  

Today, Vinted uses Mangopay’s infrastructure to support payment flows between buyers and sellers across multiple markets. Vinted also offers its community a broad range of local and global payment options, enabling sellers to receive funds in multiple currencies and supporting cross-border trade and localized user experiences.   

“We chose to build our marketplace model with Mangopay at a time when few providers truly understood multi-party payments. Their wallet-based infrastructure has given us the flexibility to manage complex money flows and support the evolution of our business model,” said Modestas Tursa, VP for Payments at Vinted. “Today, the payments landscape is more competitive, but Mangopay continues to stay on top and to offer the platform-focused capabilities. We have ambitious plans ahead, and we value working with a partner that understands both our history and our future.”  

Mark Fleming, Mangopay’s Chief Commercial Officer, added: “Vinted trusted our wallet-first infrastructure long before platform-based business models became established as scalable and sustainable revenue models. They anticipated how the platform economy would evolve and chose the infrastructure built for that future. Together, we have demonstrated how a multi-party payments framework operates successfully and the value it creates for buyers, sellers, and the platform itself.” We are proud of what we have built together and excited for what comes next.”   

Contributing to the evolution of the platform economy  

The renewed partnership comes as re-commerce expands globally, with more and more consumers turning to second-hand platforms for both economic and environmental reasons. Mangopay’s research shows that 43% of platform users prefer wallet-based payment experiences, highlighting the role of wallet-first infrastructure in enabling a transaction loop where users generate income as sellers and reinvest it as buyers. Re-commerce continues to thrive, increasing the need for an infrastructure built specifically for platforms in this sector. Mangopay and Vinted are part of this evolution. 

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