Payment service provider Mollie expands in Europe
Dutch online payment processor Mollie is gearing up for expansion throughout Europe in order to become the first tech-driven European payment service provider. After achieving success in its home country the Netherlands and neighboring country Belgium, Mollie has now established new teams in France and Germany.
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Business is going well for Mollie, which doubled its payment volume for the second consecutive year. In number of active clients, it is the largest online payment provider in the Benelux, serving over half of all Dutch online stores, while in Belgium it achieved a market share of close to 25 percent of the online stores after entering this market only two years ago.
Mollie expects to grow 100% YoY again
“Our Belgian market entry broke open the monopoly of legacy players that oﬀer outdated solutions”, says founder Adriaan Mol. “We’ve noticed that the same level of legacy tech is being used in other European countries and we are moving to fill that gap.” So it will now offer loyal payment methods and automatic localization of checkouts in countries such as Germany and France. Expectations are Mollie will, partly because of the continued expansion across Europe, continue to grow 100 percent year-over-year.
To support its European expansion, Mollie today launched a rebranding that remodels Mollie’s look and feel to reflect its updated goals and ambitions.
Payment processor Mollie was founded in the Netherlands in 2004. It’s specialized in payment products for companies of all sizes. It processes online payments for over 33.000 active
merchants in Western Europe, oﬀering both international credit card payments and local payment methods like Sofort, Carte Bancaire, iDEAL and Bancontact.