PayPal buys payments startup iZettle for $2.2 bn

PayPalís presence on the internet is huge where many online retailers offer it as an option for its customers to use when paying for purchases. However in the real world, PayPal has almost zero presence in physical stores, thus missing out on all the potential transaction fees that are happening every second.However that could change soon, thanks to PayPalís recent acquisition of a Swedish startup called iZettle. For those unfamiliar with iZettle, not to worry since the company large operates within Europe and Latin America where they are essentially Squareís direct competition. With PayPal acquiring the company, it brings them one step closer to launching their services in physical retail stores.According to PayPal’s Chief Operating Officer Bill Ready, he told CNBC, “This phenomenon of in-store payments via mobile for small businesses, it’s a global phenomenon and there have been many players in the space. Most of them though have been constrained to one or only a few countries.”With

PayPal buys payments startup iZettle for $2.2 bn

PayPal on Thursday announced a deal to buy Swedish online commerce startup iZettle for $2.2 billion, a deal that came as the young company was poised for a stock market debut.

Fri 18 May 18 from

PayPal buys payments start-up iZettle for $2.2 billion to better compete with Square

PayPal has agreed to purchase Stockholm-based payments provider iZettle in an all-cash deal valued at $2.2 billion, the company announced this week.

Fri 18 May 18 from Techspot

PayPal Buys Startup iZettle For $2.2 Billion Bolstering Payment System Prowess To Battle Square

PayPal is dipping deep into its pockets to acquire iZettle, a European startup and financial technology firm that sells mobile credit card readers, for $2.2 billion, the company announced today. ...

Fri 18 May 18 from HotHardware

PayPal buys iZettle for $2.2BN to expand in-store presence - CNET

The Swedish payments company was preparing to IPO when PayPal swooped in and snapped it up.

Fri 18 May 18 from CNET

PayPal acquires Swedish payments firm iZettle

The move will boost PayPal's in-store presence as competition in the digital payments sector grow.

Fri 18 May 18 from BBC Technology

PayPal is buying payments start-up iZettle for $2.2 billion ahead of IPO

PayPal will pay $2.2 billion for payments start-up iZettle, which provides mobile card readers to small businesses, move that will pressure Square.        

Thu 17 May 18 from USA today

PayPal agrees to buy Sweden's iZettle in $2.2 billion deal

(Reuters) - PayPal Holdings Inc has agreed to acquire iZettle, one of Europe's best known financial technology startups, for $2.2 billion, the companies said on Thursday.

Thu 17 May 18 from Reuters Technology

PayPal in talks to buy Sweden's iZettle in $2.2 billion deal: WSJ

(Reuters) - PayPal Holdings Inc is in advanced talks to buy iZettle AB in a deal that could value the Swedish fintech at around $2.2 billion, the Wall Street Journal reported on Thursday, ...

Thu 17 May 18 from Reuters Technology

PayPal confirms that it is buying payments startup iZettle for $2.2B in an all-cash deal

PayPal is taking its biggest bet yet on point-of-sale transactions, small businesses, and markets outside of the US, as it looks to raise its game against Square, Stripe and others in the world ...

Thu 17 May 18 from TechCrunch


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