Payment services provider Mollie has been granted a Payment Institution licence in the UK by the Financial Conduct Authority (FCA).
The Dutch FinTech will now be able to operate as a dual-licensed financial services group across multiple markets and geographies.
Mollie was previously operating under the Temporary Permissions Regime for EU-based financial services firms, which was launched following Brexit.
Mollie, which launched in the UK in early 2021, said the licence will allow it to expand its services and bring more products to market.
"Receiving our Payment Institution licence from the FCA is a huge milestone, and one that speaks volumes about our dedication to empower merchants with best in class products,” said Koen Köppen, chief executive of Mollie. “As a company, this licence opens new avenues for growth and collaboration, as well as providing a strong foothold in the dynamic UK market.”
In March this year, Mollie partnered with Buy Now, Pay Later services firm Billie to allow online merchants to offer Billie’s digital invoice purchasing option as a payment method via their existing Mollie integration.
Latest News
-
Lloyds and Broadcom extend partnership to transform digital banking infrastructure
-
Openbank launches cryptocurrency trading in Germany
-
HSBC deploys gen-AI proprietary platform to boost customer service
-
Goldman Sachs’ MENA co-CEO to retire after nearly three decades at the bank
-
ECB tightens rules on small banks’ bad loan coverage
-
Starling overhauls app with new AI powered features
Data trust in the AI era: Building customer confidence through responsible banking
In the second episode of FStech’s three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech examines the critical relationship between data trust, transparency, and responsible AI implementation in financial services.
Banking's GenAI evolution: Beyond the hype, building the future
In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.
Beyond compliance: Transforming document management into a strategic advantage for financial institutions
In this exclusive fireside chat, John Rockliffe, Pre-Sales Manager at d.velop, discusses the findings of Adapting to a Digital-Native World: Financial Services Document Management Beyond 2025 and explores how FSIs can turn document workflows into a competitive advantage.
Sanctions evasion in an era of conflict: Optimising KYC and monitoring to tackle crime
The ongoing war in Ukraine and resulting sanctions on Russia, and the continuing geopolitical tensions have resulted in an unprecedented increase in parties added to sanctions lists.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories