PayPal gains bigger in-store presence with $2.2B acquisition
18 May, 2018, 10:15 | Author: Darnell Taylor
Payment giant Paypal has announced that it is all set to acquire Stockholm-based Fintech startup iZettle for $2.2 billion.
Under the leadership of CEO Dan Schulman, the company has been expanding aggressively through acquisitions and partnerships with large banks and technology firms including Bank of America Corp, JPMorgan Chase & Co, Apple Inc and Facebook Inc.
IZettle initially sold a mobile credit-card reader, similar to Square's, and has expanded into software and financing services to support small businesses. Since Paypal now does not have a strong offline presence in these markets, it will look to leverage on iZettle to penetrate into these markets.
Ebola spreads in DRC
It's the Central African nation's ninth Ebola outbreak since 1976 when scientists first identified the deadly virus. Symptoms include fever, vomiting, diarrhea, muscle pain and at times internal and external bleeding.
Assad tells Putin Russian investment in Syria growing
Putin believes time has come for rebuilding the Syrian economy and suggested Syrian President Bashar Assad to discuss these plans. Assad previously visited Russian Federation and met Mr Putin in November 2017 and October 2015.
Buying iZettle will expand PayPal's reach into shops in Brazil, Denmark, Finland, France, Germany, Italy, Mexico, the Netherlands, Norway, Spain and Sweden. "With almost half a million merchants on their platform, Jacob de Geer and his team add best-in-class capabilities and talent that will expand PayPal's market opportunity to be a global one-stop solution for omnichannel commerce". Paypal expects this huge bet to pay off by giving it a formidable presence in the point-of-sales market and a better standing against strong competitors such as Square Inc and Stripe Inc.
Since separating from online marketplace eBay in 2015, PayPal has reshaped itself from mostly processing transactions for its parent company online to offering a suite of digital payment services across the world. The completion of this transaction is subject to customary closing conditions, including regulatory approvals. He was convinced that his company could continue to grow substantially under the new owner and that their cultures would be aligned. J.P. Morgan Securities plc is acting as sole financial adviser to iZettle, while Gernandt & Danielsson is acting as its legal adviser.
He and Vanessa are still madly in love with each other, and things seem to be going well until a life-changing event occurs. Higher level X-Men characters, of course, and maybe slightly more than a "moderate visual effects budget".
It's really hard when you're filming a reality show, and my sister and I were always the type of people who were open books. The Bella Twins also discussed Birdie Joe turning 1, what to expect on Total Bellas and more.
Le Maire asked. "Or do we want to say we have our economic interests, we consider we will continue to do trade with Iran? ". Syrian state TV and the Observatory said police forces are getting ready to enter the area on Friday to guarantee security.
Yeddyurappa leaves to meet the state governor to stake claim to form the government, in Bengaluru , India, May 16, 2018. India's ruling Bharatiya Janata Party ( BJP ) leader and former Chief Minister of the southern state of Karnataka B.S.
Marí says she needs to take care of herself considering her ex has powerful friends like 50 backing him. Bloom said they'll file a police report later Thursday on behalf of Mari to go along with the suit.
The collision between the bus and dump truck caused the school bus to rip apart, tearing off the front end and undercarriage. The National Transportation Safety Board is gathering information on the incident, a spokesman said.
Originally from Nagrir, in Northern Egypt , Salah has been praised for his impact both on and off the pitch this season. A spokesperson for the museum said the display would begin next week, although the exact day was unconfirmed.
Improved Family settings: You now have a central hub to manage how your family members access content on the Xbox One . This will also allow players to start Mixer broadcasts from anywhere on Xbox One , making streaming easier than ever.
The decision of the appointment was taken on May 11, Attorney General told the bench headed by Justice Ranjan Gogoi . The 2013 statute includes the Leader of the Opposition as a member of the selection committee.
The logo of Israeli technology firm Mobileye is seen on the building hosting their headquarters in Jerusalem, May 15, 2018. Intel hopes to have self-driving vehicles on the road by 2021 in partnership with vehicle manufacturers.
Eight members of the PPD will participate in the Special Olympics Law Enforcement Torch Run this month. Other items, such as Torch Run T-shirts and raffle tickets, will be sold for various donation amounts.
Meeting with North Korea a step in the right direction
The White House said Wednesday morning it is not surprised North Korea is threating to call off next month's historic meeting. Bolton called the decision by North Korea to scrap meetings with South Korea "discouraging" and evidence of "old thinking".
Tusk: the Western Balkans should be EU
EU Council President Donald Tusk said the bloc would invest in infrastructure connections with the Balkans to boost development and bring them up to EU standards.
IShares S&P/TSX Completion Index ETF
CCI is relatively high when prices are much higher than average, and relatively low when prices are much lower than the average. The simple moving average is a mathematical calculation that takes the average price (mean) for a given amount of time.
Philadelphia Eagles invited to visit White House June 5
The organization took its time weighing the political consequences the visit would effectuate, and until now is still undecided. The team, which featured several players who spoke out against President Donald Trump , was invited to the White House.