Mollie Partners with PayPal, Checkout.com Integrates Bizum
Hey Payments Fanatic!
European payment providers are making strategic moves to strengthen their local market presence.
Mollie and PayPal are joining forces to revolutionize marketplace payments across Europe, with Mollie becoming one of the few providers authorized to offer PayPal to marketplaces.
Through Mollie Connect, marketplaces can now integrate PayPal without requiring separate integrations or re-onboarding of sellers, streamlining operations and reducing technical complexity.
Meanwhile, Checkout.com is expanding its Spanish footprint by integrating Bizum, a payment solution created by local banks that has evolved from P2P transfers to become a major e-commerce payment method. With over 28 million users and 68,000 merchants already on board, Bizum has become particularly popular among younger Spanish consumers for its speed and efficiency.
Both moves highlight a growing trend: payment providers are increasingly focused on offering localized solutions while expanding their global capabilities.
Mollie stands out by supporting all Buy Now Pay Later options and being the only provider accepting gift cards at multi-seller checkout. At the same time, Checkout.com strengthens its position in Spain by integrating a locally preferred payment method.
Scroll down for more interesting Payments industry news updates and I'll be back in your inbox tomorrow!
Cheers,
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PAYMENTS NEWS
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🇧🇭 Arab Financial Services (AFS) partners with PayTic to optimise card programme management. Through this partnership, the two companies intend to simplify the end-to-end daily operations of users, scaling productivity, decreasing risks, and increasing value.
🇬🇧 HSBC launches platform for managing domestic and international business payments. The new Smart Transact offers businesses a single platform to manage transactions, access a current account, domestic and cross-border payments, and the HSBCnet global banking platform, according to a press release.
🇺🇸 Cardless swipes up $30 million to build a new generation of co-branded credit cards. The round, led by Activant Capital and supported by Amex Ventures and others, will drive efforts to optimize loyalty commerce for brands. Find out more
🇪🇹 Tranglo expands remittance services to seven African countries. The cross-border payment hub now facilitates payments in Ethiopia, Kenya, Liberia, Madagascar, Mali, Senegal, and Zambia, aiming to address high remittance fees by offering efficient and cost-effective solutions.
🇵🇭 Kyú Reion taps netbank for cross-border payments. Through the partnership, the companies aim to accelerate cross-border fund transfers and make them more accessible for individual users through a smartphone app. Read on
🇨🇿 Aevi and LEGI.ONE partner to make advanced payments accessible to SMEs. This partnership makes advanced payment tools accessible to SMEs, allowing them to gain access to reliable, professional-grade technology originally developed for major market players.
🇰🇷 Biosmart granted Mastercard Letter of Approval for IDEX Pay biometric cards. This milestone enables the Korea-based company to begin industrialized production of biometric payment cards. Biosmart is a trusted partner of leading banks in Asia, Middle East, Europe and USA.
🇵🇱 Klarna opens new hub in Warsaw to recruit 100 of Poland’s top tech talents. This strategic investment highlights Klarna’s dedication to advancng its global technology capabilities while recognizing Poland as a key player in Europe’s innovation landscape.
🇺🇸 Stripe Connect Embedded Components – UI Toolkit. To make it easier to visualize and design embedded experiences in your website, Stripe just shipped a new Figma UI toolkit for embedded components. It’s now publicly available on Figma community.
🇨🇭 In Lugano, Switzerland (Population approx 65,000) there are hundreds of merchants accepting Bitcoin on Lightning Network right now. Including McDonald's. Read more
🇮🇹 Revolut will expand its payment services in Italy by introducing its POS terminals, starting next week. Italy has been a key market for Revolut, with 2 million customers, personal loans, and advertising campaigns launched this year. The company has increased its investments in the region by 94%.
GOLDEN NUGGET
Have you ever heard about this innovative payment solution?
In Cluj, Romania you can pay for your bus ticket with:
► 20 squats with good form
► a 0.25 mi stationary bike ride
Via an automated system that dispenses tickets 🤯
This could fix many problems, but I doubt it’ll be the crowd favorite 🤣
I highly recommend the complete deep dive article by Sheel Mohnot for more interesting info on this topic.
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