Mangopay has expanded its local payout service to five more currencies, extending coverage across parts of Asia-Pacific, Latin America, Europe, the Middle East and Africa.

The new currencies are the Australian dollar, Hong Kong dollar, Singapore dollar, Mexican peso and Turkish lira. Platforms using Mangopay's system can now send money to sellers, service providers and other beneficiaries through domestic payment rails in those markets.

This means businesses can pay out funds in the same currency in which they are held, rather than converting them before transfer. That can help platforms avoid foreign exchange costs and reduce reliance on international transfers.

The expansion reflects a common operational challenge for online platforms serving users in multiple countries. Running payouts across different markets often requires separate banking relationships, local integrations and additional compliance processes.

For companies handling large volumes of marketplace or platform payments, local payout options can also affect settlement speed and the experience offered to sellers and contractors. Domestic rails are often used to reduce friction compared with cross-border transfers, particularly where recipients expect funds in local currency.

Over the past 12 months, Mangopay has processed more than 15,000 payouts worth about GBP £61 million across the five newly supported currencies. It said this points to existing demand for local payout services in those markets.

Mangopay also pointed to its own research on the compliance burden of international payouts, which found that 37% of enterprise platforms identified country-specific payout restrictions as a compliance challenge.

Andy Wiggan, Chief Product Officer at Mangopay, said the findings show the operational strain involved in scaling payment operations across borders.

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