MannyPay launches global PayFac platform with iMerchant and Adyen

The merchant payments company said the new offering supports local acquiring in 70+ countries and settlement in 135+ currencies, alongside a Manny Pacquiao-linked merchant rewards program.

Summary

MannyPay Global Inc. said it has launched a global payment facilitator platform in partnership with iMerchant and powered by Adyen, expanding its merchant processing push with a single integration for onboarding, underwriting and settlement across more than 70 countries and 135 currencies. The company said merchants can choose between a traditional dedicated merchant account and the new PayFac platform, with one application used to route each business to the appropriate onboarding path. MannyPay tied the launch to Champion's Circle, a merchant rewards program linked to eight-division world champion Manny Pacquiao, while saying applications are now open at MannyPay.io.

Terms & Concepts
  • PayFac: A payment facilitator model that streamlines merchant onboarding and processing.
  • local acquiring: Processing payments through in-country banking relationships.
  • multi-currency settlement: Settling merchant payments in different currencies.