May 17, 2018
PayPal in 'talks to buy Swedish payments firm iZettle'
PayPal is reportedly in talks to buy iZettle, a Swedish mobile payments company that sells a card-reader aimed at small businesses. The Wall Street Journal said PayPal would pay about $2.2bn, which Sky News said was more than iZettle had hoped to raise though a listing. US-based Paypal was formerly part of eBay, but is now a standalone digital and mobile payments company. The firm is facing increased competition as more companies, including Apple and major banks, improve their digital offerings. A tie-up with iZettle could increase PayPal's capacity with firms with physical retail operations.
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