Listen: PayPal Makes Move in Digital Payment Game

 

The competition for online payment dominance has just seen an important change for one of the challengers.

PayPal, traditionally known as a purely digital online payment processor, has made a clear statement regarding its plans with the acquisition of Swedish payment company, iZettle.

While the company already reaches over 225 million active users, this purchase will provide PayPal with exposure to markets where it does not currently have a strong presence.

The price for this move, which will be around $2.2B dollars, is a solid investment in PayPal’s quest to be an end-to-end payment solution. As the retail industry continues to move towards an ever-stabilizing online ecosystem, the ability to accept and process payments for goods and services via a point-of-sale device will serve PayPal well.

This purchase should also put an end to the speculations that PayPal will buy Square. The addition of a physical component to PayPal’s arsenal will, instead, establish it as a serious competitor in the space.

Follow us on social media for the latest updates in B2B!

Image

Latest

authenticity for success
Tara Salvietti: Organization and Authenticity for Success
December 29, 2024

Tara Salvietti, Senior Manager on the Marketing Partnerships Activation Team at Extreme Networks, reveals her superpowers of exceptional organization and building authentic connections. Her unique organization method, such as CC-ing herself on emails as task reminders, ensures composure in complex situations. Tara emphasizes the importance of treating everyone with respect and forging genuine relationships across…

Read More
embracing growth
Jonathan Hooper: Embracing Growth with the Sponge Mindset
December 29, 2024

Jonathan Hooper, Director of Americas Distribution at Extreme Networks, shares his insights on achieving enduring career success through continuous improvement. Advocating for the “Sponge Mindset,” he highlights the importance of being coachable, setting goals, staying curious, and actively building a network. Drawing inspiration from James Clear’s “Atomic Habits,” Hooper emphasizes the power of small changes…

Read More
professional growth
Benj Nopper: Professional Growth and Authenticity at Extreme
December 29, 2024

Benj Nopper, SLED Account Manager at Extreme, shares his career journey, emphasizing authenticity, mentorship, and personal development as keys to success. Drawing from lessons in “The Go-Giver,” he highlights the importance of honesty and vulnerability in building trust with customers and colleagues. Nopper credits mentorship from Baylor University and Extreme colleagues as transformative, advocating for…

Read More
intellectual property
Cherise Cross: Balancing Intellectual Property and Community at Extreme Networks
December 28, 2024

Cherise Cross, Intellectual Property Paralegal at Extreme Networks, plays a pivotal role in managing intellectual property rights while supporting the legal team with precision and care. She thrives in the company’s close-knit, inclusive culture, finding meaningful connections through the Asian Pacific Islander (API) group that celebrates shared heritage and cultural interests. Outside of work, Cherise…

Read More