Paypal: finalises acquisition of iZettle

(CercleFinance.com) - On Saturday PayPal Holdings announced that it has signed an agreement to buy iZettle, the leading retail platform for small businesses in Europe and Latin America, for a sum of 2.
2 billion dollars.

Paypal said that “This combination brings together iZettle's in-store expertise, recognized brand and digital marketing strength with PayPal's global scale, mobile and online payments leadership, and trusted brand reputation.”

Thanks to this agreement, Paypal will strengthen its presence in sales outlets in eleven markets (Brazil, Denmark, Finland, France, Germany, Italy, Mexico, the Netherlands, Norway, Spain and Sweden). Meanwhile, iZettle will become the "European center of excellence" for in-store products and services offered by PayPal.



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