Global One-Stop Solution for SMEs

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Known through inner circles as the "Square of Europe," iZettle (Sweden), a small-business tools and payments provider, has been acquired by PayPal for $2.2 billion.

PayPal CEO Dan Schulman said: "iZettle and PayPal are a strategic fit, with a shared mission, values and culture -- and complementary product offerings and geographies. With nearly half a million merchants on their platform, Jacob de Geer and his team [at iZettle] add best-in-class capabilities and talent that will expand PayPal's market opportunity to be a global one-stop solution for omni-channel commerce."

I've always been a big fan of PayPal yet I also love Square.  Don't underestimate Square (USA) -- they've rolled out a ton of new offerings that are super cool for SMEs.  Pay them a visit to find out more.

PayPal Extends Its Global Reach by Buying iZettle

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Holy cow!  PayPal has reached a deal to buy iZettle, Europe’s answer to the mobile payments company Square, for about $2.2 billion.

PayPal’s chief executive, Dan Schulman, says, "Small businesses are the engine of the global economy and we are continuing to expand our platform to help them compete and win online, in-store and via mobile."

The deal is considered the company’s biggest takeover — and would underscore the arms race in the world of payments, especially as digital and mobile transactions are increasingly being adopted across the world.

Read more about PayPal agreeing to the $2.2 billion deal for European payments start-up iZettle.