International ticket marketplace Ticombo® has announced a new partnership with Mangopay, a modular and flexible payment infrastructure provider for platforms, to transform the experience of selling and buying tickets.
Mangopay will manage Ticombo’s end-to-end payment flow from pay-in to payout as Ticombo works to provide a fair, trusted, and transparent experience for its users worldwide. Using Mangopay’s wallet-based payment infrastructure, the ticket marketplace is set to launch a new payment service where users can store funds they receive from ticket sales and easily re-spend the money on other tickets available in the marketplace.
Based in Berlin, Ticombo allows event organisers, resellers, and consumers from around the world to sell or resell event tickets. Its mission is to transform how fans experience buying tickets for their favourite live events. It prides itself on offering a space where organisers, resellers, and fans can buy and sell tickets in a fair, easy, and secure way. Sellers can sign up to the marketplace by verifying their identity, setting a price, and promoting their tickets in order to sell them. It is the most followed of all reselling platforms in Europe, with over one million Facebook followers.
Founded in 2013, Mangopay supports multiple business models in the platform economy with its modular payment infrastructure. Its programmable e-wallet solution covers platform payment needs, from pay-in to payout, including currency conversion solutions and AI-driven fraud prevention technology.
Commenting on the new partnership, Atle Barlaup, Co-Founder and CEO of Ticombo, said: “Our mission since day one has been to put an end to unfair prices, fake tickets, unclear customer services, and unreliable sellers. We are totally committed to providing the ultimate fan experience, both through design and customer service. The payment process is no exception to this which is why we have chosen to partner with Mangopay, to offer the experience that our users deserve.”
Tristan Torres Velat, VP Global Sales at Mangopay, said: “Ticombo is committed to providing a transparent and trustworthy service for its users, and we are delighted to support them in ensuring that this same exceptional experience applies across the payment process. The opportunity for users to re-spend their ticket funds through our wallet technology promises an even easier way for users to buy within the platform, ultimately supporting the growth of the business around the world. Solving these types of specific needs of marketplaces and platforms is what we do best, and we look forward to an exciting partnership with Ticombo.”
