Category Archives: News

At this point in time card payments in Europe are predominantly processed by US based companies and according to Joachim Schmalzl, this is problematic because a dominant market like this could hurt consumers and merchants. High fees and questions regarding data protection are concerns he mentioned.

This is why more than 30 banks including ING, Banco Santander, Deutsche Bank and credit card processors such as UniCredit unified to offer the necessary competition opposite the American oligopoly. They have until September to offer a blueprint for their pan-European payments service which will be used to pay online and in stores to settle bills between individual consumers and to withdraw cash at ATMS.

But this isn’t the first time something like this has been attempted. The 2011 Monnet project tried something similar and failed due to lack of political backing and a failure to develop a viable business model.

Dutch Payment Service Provider Mollie has hired a new CEO, Shane Happach to fuel international growth.

Happach is no stranger to Fintechamps, our co-founder Bob Voermans has worked with him in the past at Ingenico.

Bob was interviewed by Het Financieele Dagblad to share his view on Mollie’s move to hire Shane Happach and on him as a person.

Voermans: “Happach and Mollie are a perfect match. Shane can use all his experience and knowledge, and he understands that digital payment in Europe is mainly about service, and not just about price and volume. He is happy when he can use all his knowledge. And I fully understand that wants to be part of Mollie.