MandarinPay

MandarinPay is a functional payment platform through which a business can accept payments from customers around the world and make instant payments to its users, suppliers and partners using bank cards and alternative payment methods, such as bank accounts, electronic wallets, etc.

2021: Integration with test AI platform CraftTalk

The company, CraftTalk the creator AI platforms for providing services contact centers in text format, and a functional payment platform for conducting online business Mandarin have entered into a strategic partnership. This was announced on October 4, 2021 by CraftTalk. The purpose of the collaboration to integrate financial is the services from Mandarin to text chats from CraftTalk.

Illustration: www.loniweb.com

"According to data Google to the beginning of October 2021, 65% of people prefer to use text communication channels. Moreover chat bots , financial activity is gradually flowing into. According to statistics, about 25% of people shop through and. messengers social networks Moreover, in their mass - these are users under 30 years old. The world is increasingly going into chats, and we are ready to offer our customers the opportunity for their customers to safe make payments directly from chats and channels. It is important that this service will be provided on the basis of the certified fintech Mandarin platform, "- commented on the objectives of the partnership CEO and co-founder of the company CraftTalk Denis Petukhov.

"We are interested in the market of tools for working in text channels in tandem with the development of our ability to instantly make payments  and provide installments in a user-friendly communication channel, as soon as he decided to buy. When integrating with the CraftTalk platform, the client will not be able to take additional steps to go to the shopping cart or personal account, but pay by link from the chat and continue to communicate with the call center assistant. This reduces the distance in sales and increases the average check, which is quite in demand, "- said Alexey Tolstik, managing partner of Mandarin.

The implementation of the payment service in the official chats of customers of both companies will be possible in several scenarios. The first is a forward link to a standard payment form. The second is a self-covering link to the form CustomPay built into the customer's site. You can also issue a recurring payment (monthly subscription payment).

In addition, the Mandarin payment platform allows businesses to sell even when buyers do not have enough funds. The Life product from Mandarin is the ability to pay installments of up to 15 months in a matter of minutes online. 

According to the forecast of partners, the joint decision will be interesting to financial companies, platforms and marketplaces, e-com industry, companies from the fields of education and health, gaming services, representatives of tourism, sports, etc.

2018: Launch of the Split service on the basis of MandarinPay

On October 11, 2018 the MandarinLab company, the resident of IT of a cluster of Skolkovo Foundation, started Split service. It allows a business to divide payments from customers into an unlimited number of recipients - individuals and legal entities.

Split works on the payment platform MandarinPay - this is the company's main product, a kind of designer online payments for business. It helps companies build the most flexible payment scenarios with the help of simple integration and most technological and functional. API

Split is ideal for organizing financial flows of any Marketplaces and platform. Taxi aggregators, housing booking services, freelance sites, any marketplaces of goods and services will now be able to organize a payment solution in a short time, corresponding to their individual business process.

Split Service Capabilities:

• Any number of payment recipients. You can divide one payment for the purchase of a goods or service into an unlimited number of recipients (individuals and legal entities), for example, into a commission of a marketplace (aggregator) and one or more real performers - drivers, sellers of goods, property owners, freelance workers, etc.;
• Indefinite holding. After splitting, funds can be in internal accounts on the way for an unlimited time. Moreover, part of the funds can be paid instantly (for example, the marketplace commission), and part can be held until the supplier's obligations are fully fulfilled;
• Ability to send money to individual performers without fixed fees. Suitable for taxi services and any platforms with a small average check;
• Fast connection: in 30 minutes - as fast as standard payment acceptance.

author '= Alexey Tolstik, managing partner of Mandarin ' According to forecasts, until 2020, almost 40% of online trading in the world will be carried out by marketplaces and platforms, which is more than $2 trillion per year. This market requires easily customizable payment services such as Split from MandrinPay.

Traditional payment services for business, for example, Internetacquiring-, are designed to serve one-step payment, when money moves from the buyer to a specific seller. Modern electronic commerce is much more complex, and many legal and sometimes natural persons participate in it at the same time. For such scenarios, payment services with a fundamentally different architecture are needed.