Mollie Takes the Friction Out of Pay by Bank
Hey Payments Fanatic!
Pay by Bank just got a checkout makeover.
Mollie has rolled out a renewed version of its Pay by Bank product, and the big change is pretty simple: there are fewer steps to actually make a payment.
The new checkout, powered by GoCardless’s open banking technology, takes three steps instead of the five you’d typically see with an open banking payment.
Nobody wants to jump through hoops just to pay. Take two steps out of the process, and you’ve got a much better chance of getting customers to the finish line.
Mollie is launching the new experience in the Netherlands first, with plans to bring it to more European markets in 2027.
And this is where having GoCardless under the same roof starts to pay off. Mollie is taking GoCardless’s open banking technology and putting it straight into the checkout.
Here’s what else is happening in payments today👇
See you tomorrow!
Cheers,
SPONSORED CONTENT
Meet Unlimit at TOKEN2049. Explore global payment acceptance with 1,000+ payment options and digital assets through one integration.
INSIGHTS
💡 Pliant: What happens when an AI agent needs to spend company money? In B2B, letting an agent make a purchase isn't really the hard part. The harder question is how to give it spending authority without losing control, visibility, or accountability. Pliant's Malte Rau argues that commercial cards may already have much of the infrastructure needed for this, from virtual cards and configurable spending controls to approval policies and auditability. See how commercial cards could fit into the agentic commerce model.
NEWS
🇦🇹 Amazon and Klarna adjust payment services in Austria under new EU credit rules. Amazon will end monthly invoicing, moving customers to standard invoices with 14 days to pay. The change is linked to new consumer credit rules taking effect on Nov. 20.
🇲🇽 DiDi and Pomelo expand their prepaid card partnership to Mexico, extending a program already operating in Colombia. The cards enable DiDi Shop delivery drivers to pay for customer orders directly at merchants, while DiDi funds them in real time and controls where, how much and how often they can be used.
🇦🇪 United Arab Bank has launched corporate credit cards with Mastercard, expanding its digital payment capabilities for businesses across the UAE. The World Corporate card targets senior executives and frequent business travellers, while the Executive Corporate card covers procurement and supplier payments. Powered by Network International, both cards run through a portal offering real time transaction visibility and configurable spending limits.
🌎 Mastercard has unveiled its new Incomparable campaign in Latin America, announcing it through its regional newsroom in October. The campaign brings back the brand's iconic slogan. The release was issued in Spanish for the region.
🇨🇦 Knot is now powering card switching for KOHO, one of Canada's largest neobanks with more than 2.5 million customers. KOHO users can add their prepaid Mastercard to the places they already shop in a few taps without leaving the app. The launch continues Knot's expansion in Canada.
🇳🇱 Mollie has relaunched Pay by Bank, built on the open banking technology of GoCardless, which it acquired earlier this year. The product combines direct connections to more than 2,500 banks with Mollie's checkout, completing payments in three steps instead of five. It supports single payments, recurring payments and invoicing from the same technical foundation.
🇺🇸 Modern Treasury applies to establish a national trust bank. The proposed bank would add federally supervised digital asset custody to its payments platform. Operations cannot begin until the OCC grants final approval.
🇦🇪 Visa and ADI Foundation have teamed up on blockchain powered digital payments, following the signing of a Memorandum of Cooperation. The collaboration will examine how blockchain infrastructure could work alongside existing payment networks and support digital asset transaction flows. The agreement remains exploratory, with no specific blockchain, stablecoin, product or launch date announced.
🌏 Visa expands AFC partnership to support Asia's top club competitions through 2029. Visa becomes an Official Global Supporter of the AFC Champions League Elite, AFC Champions League Two and AFC Women's Champions League. The deal spans the 2026 to 2029 cycle. Read more
🇸🇬 FOMO Pay partners with Sumsub to strengthen compliance as it expands across markets. Sumsub adds identity and business verification plus transaction monitoring. The Singapore payment institution operates across Southeast Asia, the Greater Bay Area and MENA.
🇦🇪 The UAE central bank has signed MoUs with the central banks of Syria and Morocco, expanding cooperation across payments, regulation and financial technology. The agreement with Syria sets a framework for capacity building and sharing regulatory expertise, covering payment systems, monetary policy and compliance. With Morocco, two MoUs strengthen supervisory cooperation and explore linking instant payment platforms, national card switches and messaging systems, including mutual acceptance of domestic cards.
🇺🇸 OpenPayd is setting the groundwork for a US stock market listing, as the UK payments infrastructure firm prepares to enter the American market. CEO Iana Dimitrova told CoinDesk the company expects to list on the Nasdaq and pursue new acquisitions. OpenPayd is in the final stages of the SEC's review of its proposed merger with Titan Acquisition Corp.
🇦🇪 NEOPAY has agreed to acquire a 65% controlling stake in noon payments, as it builds a regional payments platform across MENA. The deal will merge scalable acquiring infrastructure with an embedded payments platform and a merchant network spanning the UAE, Saudi Arabia and Egypt. Completion remains subject to customary conditions, including regulatory and antitrust approvals.
🇪🇬 MasrPay has completed a capital increase, following approval from the Central Bank of Egypt, marking a new investment phase for the company. The capital will support expansion and deeper partnerships with banks, businesses and merchants, alongside investment in its technology platforms. MasrPay operates in Egypt as part of the GlobalPay ecosystem, which spans the UAE, Egypt and Saudi Arabia.
GOLDEN NUGGET
Most fraud is already in motion before you ever see it
Before the account opens. Before the login. Before the payment.
That's the uncomfortable takeaway from Javelin's new report (sponsored by Plaid) on detecting fraud risk earlier 👇
The numbers set the scene:
• $38 billion in combined identity fraud + scam losses in 2025
• $27.3B from identity fraud
• $10.7B from scams
• New-account fraud was the ONLY typology up in both victims (+31%) and dollar loss (+13%)
Fraudsters can now open and test accounts en masse.
And a brand new account has almost no history to check against.
So how do you catch fraud earlier?
The report's answer: stop looking at signals in isolation.
No single check stops new-account fraud, account takeover, scams, and first-party fraud.
Instead, it points to 8 connected signals working together across the customer journey (see figure below 👇):
→ Identity: reused or inconsistent identity elements
→ Document: forged, altered, or reused IDs
→ Biometrics & liveness: deepfakes, virtual cameras, manipulated video
→ Device: emulators, risky IPs, VPN/proxy indicators
→ Behavior: typing, hesitation, copy/paste, coached activity
→ Accounts & payments: funding sources, new payees, velocity
→ Cross-network intelligence: shared devices, mule networks, linked identities
→ Customer response: failed verification, abandoned actions, retries
Viewed alone, each one looks explainable.
Viewed together, they turn breadcrumbs into a decision.
The key insight is simple:
A single signal can be faked.
A pattern over time is much harder to fake.
That's where earlier fraud detection is heading.
Source: Javelin/Plaid. Get the full report here
Trusted reach among senior decision-makers in FinTech, Payments & Banking.
👉 Explore Partnership here
Comments ()