Company
Date Published
Author
Farid Sedjelmaci & Zak Lambert
Word count
455
Language
English
Hacker News points
None

Summary

Plaid is partnering with Mollie, one of Europe's fastest-growing payment service providers, to simplify ecommerce for merchants across the UK and Europe. The partnership aims to provide SME merchants with better tools to grow their business in a thriving ecommerce landscape. By integrating Plaid's open banking data network into Mollie's platform, merchants can validate bank account ownership in real-time, streamlining the onboarding process and enabling easier digital storefronts. This collaboration seeks to address the challenges faced by SMEs in offering preferred payment methods for local customers and providing seamless digital experiences. The partnership will continue to develop new joint solutions that help SMEs reduce costs, increase loyalty, and compete with online stores of any size.