You are here: Home » International » News » Companies
Business Standard

PayPal expands its retail payments business with $2.2-billion Zettle buy

Stockholm-based iZettle, which had advanced plans to go public, offers small businesses a miniature credit card reader that turns smartphones or tablets into payment registers

Reuters  |  New York/Stockholm 

PayPal Holdings Inc has agreed to buy Swedish financial technology startup iZettle for $2.2 billion in the U.S. online payments provider’s biggest ever acquisition. The deal will allow the Californian company to expand into the retail payment terminals business in international markets, where it will compete with Silicon Valley firm Square Inc founded by Twitter CEO Jack Dorsey. Stockholm-based iZettle, which had advanced plans to go public, offers small businesses a miniature credit card reader that turns smartphones or tablets into payment registers. It is present in ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Sat, May 19 2018. 20:14 IST
RECOMMENDED FOR YOU