Mollie links with Shieldpay to boost B2B payments


Payment service provider Mollie has teamed with B2B payments firm Shieldpay to help the latter’s clients have their payment needs fully digitised.

Shieldpay said this will help their clients digitise from routine payments requiring straight-through processing up to high-value, complex B2B transactions.

The firm said, “Where businesses have traditionally sent invoices with payment details for bank transfer or cheque payment, now they will be able to incorporate online payment links, allowing the customer to click and pay instantaneously via Mollie for an easier, more convenient process.

“Businesses will also have access to Mollie’s payments data, bespoke dashboards and comprehensive reporting features, and more, alongside the security of Shieldpay’s digital escrow solution.”

Shieldpay stated that this joint venture will link together Mollie’s capability for seamless, frictionless payments processing of B2B transactions with its own digital escrow and payment disbursement functionality.

Shieldpay and Mollie will be working together to grow the partnership in 2023 with a view to expand beyond the UK with an integrated payments offering.

Mollie VP of partnerships Michaela Weber said, “We’re thrilled to announce our partnership with Shieldpay. The professional services industry is long overdue a revolution with its payments processing and we’re excited to see where our joint venture and continued innovation alongside Shieldpay will take us.

“We look forward to working with Shieldpay to deliver fully digitised, seamless payments for the professional services industry, and beyond.”

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