Mollie, one of Europe’s fastest-growing financial service providers, sought a reliable partner to launch their own instant, account-to-account payment solution for its merchants. Ivy was chosen for their extensive coverage, conversion rates, and market-leading API integration experience. Ivy is a leading instant payments provider, connecting businesses to a network of over 5,000 banks through a single API. Ivy's infrastructure enables Mollie to launch "Pay by Bank", which enables bank payments and refunds in real-time, offering merchants reduced transaction costs, quicker access to funds, and minimized fraud risk.

A Future-Proof Payment Solution for Merchants as Legacy Systems Phase Out

The partnership reflects Mollie’s commitment to building a future proof instant bank payment offering. While traditional account-to-account (A2A) rails like SOFORT and iDeal are being phased out, over 60 geographies worldwide are rolling out next-gen real-time payment schemes. Here, Ivy outperformed many competitors with its extensive coverage, high conversion rates, and white-label capabilities, the latter allowing Mollie to seamlessly integrate the solution into its platform. Additionally, Ivy's best-in-class developer experience and high-quality API documentation enabled Mollie to get to their first production payment in less than a week.​

“Partnering with Ivy for our 'Pay by Bank' solution was a strategic decision to provide our merchants with faster, more secure payments. Ivy stood out globally with its seamless integration, international coverage, and high conversion rates. Their white-label technology allows us to replace legacy systems with a future-proof solution that cuts costs and scales with our merchants' evolving needs.”, said Johannes Claudi, Principal Product Manager at Mollie.

Global Instant Payments, with one Integration

With this partnership, Mollie’s merchants can benefit from a low-cost, frictionless, bank-grade secure, and instant bank payment solution - seamlessly integrated with just a few clicks via their Mollie dashboard. 

End customers, in turn, enjoy a simplified checkout experience: they simply select “Pay by Bank”, choose their trusted house bank, confirm the payment amount, and authorize it using their bank’s SCA method, such as Face ID - no need for a credit card, no need to sign up..

“Ivy is building the world’s first default global, default instant payments platform. Forward-thinking companies like Mollie are leading the global shift towards instant bank payments - across various use cases. As legacy rails phase out, more merchants are adopting real-time payment rails as a future-proof solution to reduce costs and increase speed.", said Ferdinand Dabitz, CEO and Co-Founder of Ivy.

As global instant bank payments grow - forecasted to reach $330 billion by 2027, according to Juniper Research - this partnership positions Mollie and Ivy at the forefront of the instant bank payment revolution, setting a new standard for secure, cost-effective, and seamless transactions.