• PayPal gains bigger in-store presence with $2.2B acquisition

    9 days ago - By Chron

    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.
    After the deal closes, PayPal will gain a presence in stores located in 11...
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  • PayPal Agrees to $2.2 Billion Deal for European Payments Start-Up iZettle

    9 days ago - By NY Times

    The Silicon Valley digital payments company reached a deal for iZettle, which is Europe's answer to the mobile payments company Square.
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