• PayPal takes on Square with massive $2.2B iZettle purchase

    One year ago - By TheBoyGeniusReport

    PayPal just confirmed that it's buying Swedish payments startup iZettle for $2.2 billion in an all-cash transaction, which would make it PayPal's biggest purchase ever. The company paid $890 million for Xoom a few years ago, and $800 million for Venmo back in 2013, when it still was a part of eBay.
    iZettle's main business is similar to Square's. The company provides a card-reading dongle that can be used with smartphones and tablets, an appealing card payment option for small businesses that might otherwise avoid them due to higher costs.
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  • PayPal acquires Swedish payments firm iZettle

    PayPal acquires Swedish payments firm iZettle

    One year ago - By BBC

    The move will boost PayPal's in-store presence as competition in the digital payments sector grow.
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  • PayPal buys payments startup iZettle for $2.2 bn

    One year ago - By Phys.org

    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.
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