Mollie expands to the UK
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.
The launch of Mollie in the United Kingdom should better help merchants who want to enter new markets in Europe, while customers in the European Union get the choice to use their preferred payment methods when they shop with a UK retailer.
‘Merchants can now trade competitively in the EU’
Mollie has partnerships with Klarna, Magento and European payment gateways, which enables merchants from the UK to trade competitively in the eurozone, the payment service provider says.
According to Josh Guthrie, the company’s newly appointed Head of UK, the Brexit deal has made doing business with the European Union difficult for companies in the United Kingdom. “Challenges include tariffs and unexpected delivery fees that make goods more expensive, and country of origin rules that have impacted logistics and shipping. Establishing a presence quickly and efficiently is vital for reaching a wider addressable market, at a time when UK retail needs it most.”
The Brexit has made doing business with the EU difficult for UK companies.
Money to accelerate international expansion
The launch of Mollie in the UK follows after a 90 million euros investment from TCV, announced in September last year. Back then, it was said the money would be used to accelerate international expansion.