Mangopay Launches Echo to Simplify Multi-PSP Payment Flows for Enterprise Platforms

Mangopay has launched Echo, a solution allowing enterprise platforms to centralize payment management across multiple providers. For fintech professionals, this addresses the operational friction of multi-PSP setups by decoupling payment acceptance from downstream fund movement, enabling unified reconciliation, wallet allocation, and payouts without requiring platforms to abandon their existing processing relationships.

What was announced

The introduction of Echo marks a strategic shift in how enterprise platforms handle the "post-acceptance" phase of the payment lifecycle. While many platforms utilize multiple Payment Service Providers (PSPs) to secure local payment methods and optimize acceptance rates across different geographies, this often results in fragmented data and manual overhead. Echo acts as a centralized management layer that sits above a platform’s existing PSP integrations.

The solution allows platforms to maintain their current pay-in setups while using Mangopay’s infrastructure to govern reconciliation, wallet allocation, fund splitting, and payouts. By creating a single record of where funds are and who they belong to, Echo provides visibility that is currently lacking in many multi-provider environments. This is particularly relevant given that Mangopay’s own research indicates 86% of enterprise platforms still rely on manual reconciliation processes, while 30% of platforms cite better visibility over money flows as the improvement that would most impact their operations.

Echo is designed for the platform economy, where complex multi-party flows are the norm. It enables businesses to manage the movement of money between buyers, sellers, and partners from a single point, regardless of which provider processed the initial transaction. This acquirer-agnostic approach ensures that as a platform scales and adds more providers, the operational cost of reconciliation and data structuring does not increase proportionally.

"Scaling platforms operate in a large and competitive landscape, with more providers to choose from as per their payments needs. Yet they pay for being spoiled for choice with operational costs and inefficiency. Each new payment provider means another reconciliation process, or another data structure that platforms need to adapt to. We built Echo to break that pattern and give platforms a flexible way to reduce operational costs from managing payment flows through multiple providers, while preserving their freedom to choose the providers that best support their business strategy."

Andy Wiggan, Mangopay’s Chief Product Officer.

The companies involved

Founded in 2013, Mangopay is a specialist in wallet-first payment infrastructure tailored for marketplaces and enterprise platforms. The company provides a programmable environment that allows businesses to mirror real-world multi-party experiences, facilitating the holding, splitting, and movement of funds across complex ecosystems. Its white-label infrastructure includes a suite of financial tools such as virtual IBANs, foreign exchange (FX) services, and acquirer-agnostic processing, all underpinned by AI-driven fraud and compliance systems.

Mangopay has reached significant scale within the fintech sector, having processed more than €160 billion in transactions. The company has created 700 million wallets and onboarded 350 million users to date. Its technology powers several high-profile platforms, including Vinted, Wallapop, Storefund, and Debenhams, which rely on the infrastructure to manage global operations and complex financial flows. By focusing on the "wallet" as the central unit of the transaction, Mangopay enables platforms to create new monetization streams and maintain control over the user experience without the limitations of traditional, rigid payment processing models.

What FF News has reported before

FF News has followed Mangopay’s growth through several key milestones and leadership changes. In late 2025, we reported on the appointment of Andy Wiggan as Chief Product Officer, a move that signaled an intensified focus on product innovation. The company’s standing in the industry was further highlighted during the FF Awards 2025, where it was recognized among the year's winners. On the partnership front, Mangopay has been active in diverse sectors, recently helping Club Employés streamline employee-benefits payments and collaborating with ZYMIX to launch a social SuperApp for Gen Z in the UK market.

What this means

The launch of Echo highlights a growing industry shift toward "orchestration-plus" models, where the primary value is moving away from simple payment acceptance and toward the management of complex financial logic. As platforms scale globally, the "one-size-fits-all" PSP model is becoming a liability, yet the operational overhead of managing multiple providers remains a significant bottleneck. By offering an acquirer-agnostic layer for reconciliation and payouts, Mangopay is putting pressure on traditional PSPs that rely on ecosystem lock-in. This move raises questions for the sector about whether payment acceptance is becoming a commodity, while the real competitive advantage shifts to the sophisticated management of multi-party ledgering and fund flows.