Payments

Dutch payment fintech unicorn Mollie has entered the United Kingdom. Here it will support British merchants who are looking to grow into Europe. The payment service provider has enhanced its services available to UK companies who can incorporate several EU payment methods into their online stores.

London fintech company Checkout.com has raised 450 million dollars (370 million euros) in a Series C round. The company is now valuated at over 12 billion euros and is looking to expand its business further abroad.

Ecommerce software solution Ecwid has announced partnerships with popular payments providers in Europe, including Giropay, Sofort, iDeal, SEPA, Klarna, and PayPal Plus. This news follows after an increase in new customers of 143 percent year-on-year and strong transaction volume growth.

Social finance app JoomPay has obtained an electronic money license in Luxembourg. With this license, the app from Joom can serve customers across Europe, enabling them to send and receive money with anyone.

Payer, a fintech company from Sweden, has launched a new product that should change customer registration in B2B ecommerce. The new product, yet to be named, lets ecommerce merchants verify new customers, so they can easily make their purchases.

When it comes to paying for online purchases, many shoppers use their credit cards, PayPal or bank transfers. But which payment methods are most popular? And what's the difference in payment preferences among different countries across Europe?

The usage of PayPal in Europe is highest in the United Kingdom. That country counted more than 330,000 daily active PayPal users last year.

Silverflow, a new platform that connects to card networks, has announced a 2.6 million euros seed funding round. With this, the Amsterdam-based company that is founded by Adyen alums has now raised 3 million euros in total funding.

PayPal has announced it will allow customers to buy, sell and hold Bitcoin and other crypto coins using its online wallets. Starting in early 2021, customers will also be able to use these virtual coins to shop at the 26 million connected merchants.

Nexi, the biggest payments processor in Italy, has agreed to acquire fintech rival SIA for about 4.6 billion euros. The combined company will be one of Europe's biggest payments companies.

For over half of the nearly 3.5 million online shoppers in Hungary, ecommerce is a frustrating experience. It seems that 9 out of 10 consumers have stopped an online order before checkout was completed.

Ebay will bring its managed payments service to sellers in three new markets in Europe next year. In the first quarter of 2021, eBay will manage payments in France, Italy and Spain.

Mollie, a payments startup from the Netherlands, has raised 90 million euros in a Series B round led by TCV. The payment service provider is now valuated at over 1 billion dollars, making it a unicorn.

German ecommerce company Otto wants to found a subsidiary to handle all payment functions. It's the latest step, and a bold one, in the further development of Otto as an online platform.

MultiSafepay, a Dutch collecting payment service provider, has announced today it will open an office in Germany. By making this step, the company wants to strengthen its German presence and support further growth internationally.