Mollie launches Pay by Bank in the UK and the Netherlands
70 pts · High·The Paypers·2w ago · Oct 8, 13:24 UTC·1 min read·reported by 2 sources
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Mollie has officially launched its Pay by Bank service in the UK and the Netherlands, enhancing its payment offerings for merchants in these regions. This new service aims to streamline payment processes, providing consumers with a straightforward method to pay directly from their bank accounts.
Key takeaways
- ▸Pay by Bank service allows direct bank payments for consumers and merchants.
- ▸Launches in two key European markets: the UK and the Netherlands.
- ▸Aims to improve transaction efficiency and user experience in online payments.
Why this matters
The introduction of Pay by Bank increases competition among payment service providers in the UK and Netherlands, compelling other fintechs and banks to innovate or enhance their offerings. This service may appeal to merchants seeking lower transaction costs and better payment experiences, potentially affecting traditional card-based payment methods.
Entities
Companies: Mollie
Products: Pay by Bank
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