UK-based digital payments company Shieldpay has tapped Mollie to have clients payments needs fully digitised, from straight-though processing to complex B2B transactions. 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, comprehensive reporting features, and more, alongside the security of Shieldpay’s digital escrow solution. Making transaction processed digital This joint venture marries Mollie’s capabilities for seamless, frictionless payments processing of B2B transactions with Shieldpay’s digital escrow and payment disbursement functionality. Through this collaboration, Shieldpay and Mollie will be strongly positioned to meet the complex B2B payments needs of the professional services sector and beyond.

This announcement marks the start of a shared mission to empower professional services businesses, in particular law firms, by taking away the burden of managing outdated payments systems and ease reporting and other accounting requirements of finance teams. 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. Shieldpay’s officials stated that this newly formed partnership with Mollie is an important expansion of the Shieldpay payments network.

Together, they are able to work with clients to transform their payments function, enabling them to have faster, streamlined, digital processes for all their transactions. Representatives from Mollie commented that they’re thrilled to announce their partnership with Shieldpay. The professional services industry is long overdue a revolution with its payments processing and they’re excited to see where their joint venture and continued innovation alongside Shieldpay will take them.

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