Virtual IBANs

MANGOPAY Virtual IBANs provide businesses with unique, dedicated International Bank Account Numbers linked to their wallet infrastructure. This solution enables platforms and marketplaces to streamline incoming and outgoing payments, simplify reconciliation, and offer localized banking experiences without the complexity of traditional banking setups.

Features

• Dedicated Virtual IBANs for each user or wallet to enable personalized account details
• Supports multiple currencies for global payment operations
• Direct bank transfers into wallets for seamless fund allocation
• Automated reconciliation of incoming payments to the correct wallet
• Integration with MANGOPAY’s payment ecosystem for pay-ins, payouts, and transfers
• Compliance-ready infrastructure with AML and KYC/KYB checks
• Real-time transaction tracking and reporting for transparency
• Scalable architecture for high-volume platforms and marketplaces

Capabilities

• Assign unique Virtual IBANs to users, wallets, or business entities
• Enable localized banking experiences for international customers
• Facilitate direct SEPA and SWIFT transfers into platform wallets
• Automate fund routing and reconciliation for complex payment flows
• Support escrow and split-payment scenarios for marketplaces
• Integrate with existing wallet and payout workflows for end-to-end control
• Provide detailed transaction ledgers for compliance and audit purposes

Benefits

• Simplifies payment operations by eliminating manual reconciliation
• Enhances user trust with dedicated account details and faster processing
• Supports global expansion through multi-currency and cross-border capabilities
• Reduces operational complexity with automated fund allocation
• Improves compliance and security with integrated AML/KYC processes
• Enables scalable financial infrastructure for high-growth platforms