Observed Signal · Sep 3, 2024 · Policy Update · Source: Tech.eu · Impact: 2/5 · Sentiment: Positive
Mollie UK MD Welcomes UK-EU Reset for Payments
Mollie's new UK managing director Dave Smallwood has welcomed the prospect of closer UK-EU ties, saying it would benefit payment firms and merchants. Smallwood, a former PayPal and American Express executive, replaced Mia Hunter in the role. He noted that post-Brexit bureaucracy made cross-border payments harder and that a reset would be 'greatly received'. Mollie, which has a Payment Institution licence in the UK and a team of 26 in London, saw triple-digit year-on-year growth in Q1 in the UK. Its partners include Mazda and Gymshark. The company's last public valuation was around $6.5 billion in 2021.
Highlights potential regulatory changes affecting cross-border payments in the UK/EU, but no concrete action yet; relevant to e-commerce infrastructure.
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Key Takeaways & Evidence Grounding
- Dave Smallwood appointed as managing director of Mollie UK.
- Smallwood welcomes UK-EU reset, citing benefits to payment firms and merchants.
- Mollie holds a Payment Institution licence in the UK and employs 26 in London.
- Mollie saw triple-digit year-on-year UK growth in Q1 2024.
- Mollie's valuation was approximately $6.5 billion in 2021.
Connected Companies & Entities
2 Entities mapped“a former PayPal and American Express executive...”
“a former PayPal and American Express executive...”
Ontology Mapping & Concepts
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