Europ

Data Sheet-PayPal's Latest Acquisition Shows Why Everyone Wants a Piece of the Payments Pie

One year ago   |   By Fortune

PayPal is buying a Swedish startup that offers Square-like payments services in Europe for a whopping $2.2 billion. It's a lot of money because the company, iZettle, processes a tiny fraction of Square's volume, which is a tiny fraction of PayPal's.
Three takeaways:
* Who would have thought a decade ago that payments would be such a hot field? PayPal was an obvious acquisition for eBay once upon a time because all the then-auction site's customers were using it. Today, the independent PayPal is worth 2.5 times its one-time owner, and its business is way bigger than merely processing...
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PayPal gains bigger in-store presence with $2.2B acquisition

One year ago   |   By Boston Herald

SAN FRANCISCO - PayPal is buying financial services startup iZettle for $2.2 billion to expand its digital payment service into thousands of brick-and-mortar stores in Europe and Latin America. The deal announced Thursday marks the largest acquisition in PayPal's 20-year history and intensifies its competition with Square, a payment processor started by Twitter co-founder and CEO Jack Dorsey. Both PayPal and Square are vying to help mostly small- and medium-sized retailers process sales that aren't paid with cash.
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PayPal buys Swedish startup iZettle for $2.2 billion

One year ago   |   By CNN Money

The acquisition will allow PayPal to extend its platform to stores around the world - and 11 new countries.
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