Mollie completes acquisition of GoCardless

Mollie, a leading payment service provider, has officially completed its acquisition of GoCardless. For retailers and service providers, this merger signals a major shift toward more unified payment stacks. You can now expect a smoother integration between traditional card processing and bank-to-bank payments like Direct Debit and Open Banking. This is particularly important for businesses running subscription models or recurring billing cycles, as it reduces the friction usually found when managing multiple payment vendors. The combined entity aims to simplify the checkout experience for your customers while lowering your overhead costs. By bringing bank payments into the fold, Mollie provides a lower-cost alternative to high-fee credit card transactions. This move allows merchants to offer more flexible payment terms without managing separate technical integrations. If you currently use either platform, look for upcoming updates that will allow you to consolidate your billing workflows. This consolidation is designed to improve cash flow by accelerating the time it takes for funds to clear from a customer's bank account to your business account.

Source: Finextra — Lending

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