Mollie Receives Payment Institution Licence and Expands Services in the UK
Dutch payments giant Mollie has recently been granted a payment institution licence in the UK by the Financial Conduct Authority (FCA). The licence allows Mollie to operate as a regulated payment institution in the UK market.
Mollie, which launched in the UK in early 2021, offers disruptive payment processing services to merchants, particularly e-commerce platforms. It serves both domestic and international merchants.
The company entered the UK market through the temporary permissions regime for EU-based financial services firms, introduced in the aftermath of Brexit. This allowed Mollie to continue its operations while seeking permanent licensing.
Receiving the Payment Institution licence is seen as a significant milestone for Mollie. The CEO of Mollie, Koen Köppen, expressed his excitement about the licence, stating that it opens new growth opportunities and strengthens the company’s presence in the dynamic UK market.
Mollie has ambitious plans for its UK business. In addition to its payment processing services, it aims to offer fully integrated business financing services and other payment solutions to its customers in the UK.