FinTech Mollie Adds Terminal to Growing In-Person Payments Offering

European FinTech Mollie has launched an in-person payments solution called Mollie Terminal.

The introduction of Mollie Terminal is part of the company’s drive to enhance its in-person payments offering, including QR code-based in-person payments support and the upcoming launch of Tap to Pay for Android, the financial services provider said Wednesday (May 24).

Mollie Terminal will be available first in Belgium, Germany and The Netherlands and later this year in other European markets.

“With our customers’ high regard for Mollie’s online proposition, we are delighted to be able to meet the needs of customers offline too,” Mollie CEO Koen Köppen said in the release. “As our customers have come to expect, Mollie Terminal offers competitive pricing, local support and immense flexibility.”

The new Mollie Terminal integrates in-person and online payments, meeting the needs of merchants who operate both brick-and-mortar and online stores.

The device works through a single application programming interface (API) for both online and in-person payments, accepts relevant payment methods and wallets, and operates on both 4G and Wi-Fi, the release said.

A Mollie Dashboard enables merchants to report, reconcile and settle all processed payments, eliminating the need for paper-based processes, per the release.

“Mollie Terminal is an important milestone launch and a critical part of our in-person payments offering, further strengthening our position in the unified commerce payments market,” Koppen said in the release.

Retailers are realizing the potential of remaking point-of-sale (POS) terminals in new and different configurations that bring them onto the sales floor where the shoppers are, Petur Sigurdsson, product director at LS Retail, an Aptos Company, told PYMNTS in an interview posted in December 2022.

“Customers now expect a seamless experience across all the merchant’s touch points,” Sigurdsson said at the time. “The concept of unified commerce is really of essence here.”

Many customers now expect that brands provide them with seamless shopping and checkout experiences no matter where they are purchasing, according to the “Mobile Payments in eCommerce Tracker®,” a PYMNTS and American Express collaboration.

In this new normal of unified commerce, retailers must engage customers across multiple channels, the report said.