Mollie UK expansion to support EU sales

Payment service provider Mollie is expanding into the UK market to support British merchants that want to sell in the EU.

UK companies will be able to incorporate a variety of EU payment methods into their e-commerce websites.

British merchants will have access to EU markets, while EU customers will be able to use their preferred payment method even when shopping with a UK-based retailer.

Mollie is able to facilitate the cross-border service via its partnerships with Klarna, Magento, and EU gateways.

In September, the Amsterdam-based company received €90 million investment which it said would be used to accelerate international expansion.

“Overnight, the Brexit deal has made doing business with the EU so difficult for UK companies,” said Josh Guthrie, head of UK, Mollie. “Challenges include tariffs and unexpected delivery fees that make goods more expensive, and country of origin rules that have impacted logistics and shipping."

He added: “Establishing a presence quickly and efficiently is vital for reaching a wider addressable market, at a time when UK retail needs it most. With our long-standing heritage in Europe and our focus on creating localised payment experiences, Mollie is uniquely placed to help customers navigate this shift and continue to grow internationally.”

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