• PayPal Acquiring iZettle to Compete With Square for In-Store Payments Processing

    3 days ago - By Mac Rumors

    PayPal this week announced plans to acquire the Swedish-based payments hardware company iZettle for $2.2 billion, with a plan to expand its presence in brick and mortar stores thanks to iZettle's technology. The acquisition will also help PayPal bolster its business across iZettle's main markets of Europe and Latin America .
    Notably, the purchasing deal marks PayPal's biggest acquisition ever and will put it in the hardware market as a direct competitor to small business-focused company Square. Both Square and iZettle sell payments processing hardware devices that help small businesses...
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  • PayPal's 5 biggest acquisitions before its $2.2 billion iZettle deal

    PayPal's 5 biggest acquisitions before its $2.2 billion iZettle deal

    3 days ago - By VentureBeat

    ANALYSIS: PayPal announced last night that it is buying European Square competitor iZettle in a deal worth $2.2 billion. While this may raise questions around the ambitions of European technology startups, given that iZettle had recently revealed its intention to go public, it also highlighted how eager PayPal is to boost its brick-and-mortar aspir...
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  • Why Sweden's iZettle sold to PayPal for $2.2 billion rather than IPO

    Why Sweden's iZettle sold to PayPal for $2.2 billion rather than IPO

    3 days ago - By VentureBeat

    The announcement that Sweden's iZettle was going to go public just 10 days ago provoked cheers among European tech boosters that proved to be short-lived. Rather than watching the rise of an independent tech company, yet another local startup was being gobbled up by a U.S. tech giant. In this case, PayPal which announced it is paying $2.2 bil...
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  • PayPal snaps up iZettle in $2.2bn deal

    PayPal snaps up iZettle in $2.2bn deal

    3 days ago - By Tech Radar

    PayPal could well be set to move further into high-street shopping after acquiring iZettle for $2.2bn. The Swedish firm is best known for its portable point of sale readers, which can plug into a smartphone or tablet to allow businesses of any size to quickly and easily begin accepting card or contactless payments. The deal could well see PayPal move out of the online world and become a recognised form of payment in shops using iZettle's card readers, competing with the likes of Apple Pay. Reports last month suggested that PayPal could be moving into supplying debit cards as it looks to...
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