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.
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