19 February 2017
Visit dh.com

IZettle arrives in Germany

30 October 2012  |  8051 views  |  0 iZettle1

Swedish start-up iZettle, which provides technology that turns mobile phones into payment terminals, has teamed up with DZ Bank and Deutsche Telekom to launch its service in Germany.

Germany becomes the sixth country targeted by iZettle, which claims more than 75,000 users in Sweden, Denmark, Finland, Norway, and the UK, where beta testing is currently in place ahead of a full roll out.

In Germany, Equens, part owned by DZ Bank, will process payments, while Deutsche Telekom - Europe's largest carrier - will distribute the iZettle chip-card reader in shops across the country from November.

Jacob de Geer, CEO, iZettle, says: "Strategically, Germany is one of our core markets, and we are committed to serving everyone from individuals to small businesses here long term. Our ambition is to become the undisputed market leader in Germany and given the partnerships with DZ Bank and Deutsche Telekom we believe we are very well positioned."

The firm is also handing out 25,000 free readers for iPhone or iPad during launch as it tries to gain a foothold on the home turf of rival Payleven.

Officially launched earlier this month, Payleven offers a similar system but its dongle includes a PIN pad. This means that it can accept Visa transactions, something that iZettle was blocked from doing in Denmark, Finland and Norway in July over security concerns.

Despite Visa's worries, iZettle has secured the backing of American Express, which recently joined an expanded series b funding round, joining fellow card giant MasterCard.

Meanwhile, on the horizon, threatening both companies, is industry leader Square, which finally took its first steps outside of the US last week when it arrived in Canada.
KeywordsEFTPOS

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Square arrives in Canada

Square arrives in Canada

24 October 2012  |  6503 views  |  1 comments | 11 tweets | 1 linkedin
AmEx invests in iZettle; O2 launches PINpad for mobile payments

AmEx invests in iZettle; O2 launches PINpad for mobile payments

23 October 2012  |  10478 views  |  0 comments | 14 tweets | 3 linkedin
Payleven launches chip and PIN-based Square clone

Payleven launches chip and PIN-based Square clone

03 October 2012  |  11185 views  |  0 comments | 1 linkedin
MPowa reports First National Bank deal; denies own claims on Visa acceptance

MPowa reports First National Bank deal; denies own claims on Visa acceptance

01 October 2012  |  13519 views  |  3 comments | 3 tweets
Payworks brings mobile commerce to Oktoberfest

Payworks brings mobile commerce to Oktoberfest

25 September 2012  |  5594 views  |  0 comments
IZettle starts testing Android app with Samsung

IZettle starts testing Android app with Samsung

23 July 2012  |  8524 views  |  4 comments
MasterCard joins EUR25m iZettle funding round

MasterCard joins EUR25m iZettle funding round

15 June 2012  |  12054 views  |  10 comments
Sweden's iZettle hires Barclaycard's Roberts ahead of UK launch

Sweden's iZettle hires Barclaycard's Roberts ahead of UK launch

27 February 2012  |  13171 views  |  4 comments
Sweden's Square hits App store

Sweden's Square hits App store

19 August 2011  |  14059 views  |  4 comments

Related company news

 

Related company information

Equens

Related blogs

Create a blog about this story (membership required)
Visit Yelloco.co.uk

Top topics

Most viewed Most shared
IBM and Visa join forces to turn billions of connected devices into points of saleIBM and Visa join forces to turn billions...
13619 views 11 comments | 48 tweets | 79 linkedin
Nesta launches £5 million Open API challengeNesta launches £5 million Open API ch...
9978 views comments | 21 tweets | 18 linkedin
Jaguar embeds payments into digital dashboardJaguar embeds payments into digital dashbo...
9339 views comments | 48 tweets | 55 linkedin
The fintech effect: Banks buy in to benefits of boosting financial well-beingThe fintech effect: Banks buy in to benefi...
8765 views comments | 15 tweets | 11 linkedin
Kevin the bot uses blockchain to offer insurance for P2P transactionsKevin the bot uses blockchain to offer ins...
7482 views comments | 16 tweets | 12 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job