With local payment solutions, Norwegian support and European reach, Mollie enters as a competitor to established players such as Nets.
Mollie, one of Europe’s fastest growing fintech companies, is now coming to Norway – and thus challenging several of the dominant players in the market. The goal is to make payments and money management easier for Norwegian companies, in the same way as for the more than 250,000 customers across Europe that Mollie already helps. With Mollie’s platform, companies can bring everything from payment processing and reporting to fraud prevention together in one place.
Easier payments for Norwegian companies
Norway is one of Europe’s most digitalized societies, but many companies are constantly finding that their payment solutions do not match the need for flexibility and growth. The local providers have often offered low prices, but with limited features, while the global players have had advanced technology and broad international coverage, but little interest in Norwegian conditions in everyday life.
With Mollie’s launch, companies will have access to both at once for the first time: the most popular Norwegian payment methods such as Vipps combined with international solutions such as credit cards, Apple Pay and Klarna – and also the Nordic mobile payment solutions Swish and MobilePay, which make it easier for Norwegian businesses to sell to Swedish and Danish consumers.
Mollie also supports omnichannel payments, so businesses can offer customers a consistent payment experience online, in apps, and in physical stores. This allows them to deliver the experience customers expect, while also having a setup that makes it easy to expand into new markets. Onboarding is quick and with support in Norwegian, so that companies can focus on the business instead of the technology.
„At Skargards, we see it as our mission to simplify the purchase and ownership of a hot tub. So it’s crucial that the payments process lives up to those same standards. With Mollie, we can finally offer popular local payment methods like Vipps and Klarna to our Norwegian customers, something our previous solutions couldn’t deliver. The integration was quick and seamless, letting us give shoppers the payment options they trust and reducing friction at checkout. We see Mollie as a true partner in supporting our growth in Norway, and we’d recommend them to any merchant looking to win customers’ trust in the Nordics.” – Jana Müller, Sales & PR Coordinator at Skargards.
Local solutions – global reach
For Norwegian online stores, payment can often be a barrier to growth. Mollie removes that barrier by offering ready-made integrations to the most commonly used ecommerce platforms, like Shopify, WooCommerce, Magento, and Prestashop. For SaaS platforms and marketplaces, Mollie Connect offers a streamlined solution for onboarding new sellers, collecting application fees, and automatically distributing payments between multiple parties. This means that businesses can get up and running quickly without technological detours – and with a European infrastructure that makes it easy to accept payments from customers throughout the Nordic region and the rest of Europe.
Ambitions in the Nordic region
„Mollie is being launched simultaneously in Finland and Denmark, and is thus present in most of the Nordic region after its launch in Sweden earlier this year.” – according to the press release. The ambition is to build up a significant market share in the region through investment in local teams, partnerships and marketing, and by gradually expanding the product portfolio with Mollie Capital and Mollie Invoicing, among others. And the goal is to become a long-term payment partner that helps Nordic companies grow both domestically and across Europe.
„The Nordic region is one of the most digital markets in Europe, and we see great potential in helping companies here grow. With local solutions and a platform that scales internationally, we want to make money management uncomplicated for Nordic companies,” says Koen Köppen, CEO of Mollie.
Mollie offers a simple platform where businesses can receive payment and manage their money. A platform that makes payments, reconciliation, reporting, fraud prevention and financing easy for everyone – from startups to large enterprises.
Founded in 2004, Mollie’s mission is to make payments and money management uncomplicated for all businesses in Europe. The company currently has a team of over 850 employees and offices in Amsterdam, Ghent, Lisbon, London, Maastricht, Milan, Munich, Stockholm and Paris, among others.
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