25 February 2017
Visit experienceinfosys.com

Swedish Mpos vendor iZettle poised for global expansion

14 June 2013  |  6207 views  |  0 Ignacio Garcia, Managing Director, iZettle Spain

Ignacio Garcia, managing director, iZettle Spain discusses how the vendor increased Mpos adoption by 25% in Sweden and how the recent €5 million investment from Banco Santander will expedite its global expansion.

Garcia calls mobile point of sale the "biggest disruption in global payments in recent years."

Before iZettle launched, the Mpos market in Sweden was growing around 2.5% a year, he says. The Swedish vendor's entry in to the market has increased Mpos penetration by 25%, he adds.

While the nascent Mpos industry has tended to focus on a market long ignored by banks, micro-merchants and tradespeople, Santander's recent strategic investment in iZettle will not only increase the service offering throughout Europe, says Garcia, it will aid in the vendor's global expansion as well.

Garcia spoke to Finextra at MobeyDay 2013 in Barcelona earlier this week:
KeywordsE-COMMERCE

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

Banco Santander invests EUR5 million in iZettle

Banco Santander invests EUR5 million in iZettle

11 June 2013  |  7422 views  |  0 comments | 11 tweets | 4 linkedin
Mpos firms join Visa Ready Program

Mpos firms join Visa Ready Program

05 June 2013  |  8044 views  |  1 comments | 7 tweets | 8 linkedin
IZettle ships chip and PIN reader

IZettle ships chip and PIN reader

20 February 2013  |  12766 views  |  2 comments | 21 tweets | 10 linkedin
Nordea to distribute iZettle card readers to SME network

Nordea to distribute iZettle card readers to SME network

04 December 2012  |  8156 views  |  0 comments | 9 tweets | 4 linkedin
Finextra TV: iZettle launches in the UK

Finextra TV: iZettle launches in the UK

07 November 2012  |  11647 views  |  4 comments | 12 tweets | 7 linkedin
IZettle arrives in Germany

IZettle arrives in Germany

30 October 2012  |  8054 views  |  0 comments | 11 tweets | 5 linkedin
AmEx invests in iZettle; O2 launches PINpad for mobile payments

AmEx invests in iZettle; O2 launches PINpad for mobile payments

23 October 2012  |  10485 views  |  0 comments | 14 tweets | 3 linkedin
IZettle starts testing Android app with Samsung

IZettle starts testing Android app with Samsung

23 July 2012  |  8526 views  |  4 comments
MasterCard joins EUR25m iZettle funding round

MasterCard joins EUR25m iZettle funding round

15 June 2012  |  12067 views  |  10 comments
IZettle releases API for app developers

IZettle releases API for app developers

13 June 2012  |  7245 views  |  1 comments
European equivalent of Square, iZettle, commences UK beta trials

European equivalent of Square, iZettle, commences UK beta trials

16 May 2012  |  9019 views  |  4 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  |  13177 views  |  4 comments
Sweden's Square hits App store

Sweden's Square hits App store

19 August 2011  |  14066 views  |  4 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit contisgroup.comhttp://www.financialcrimerisk.fiserv.com/aml?r=finextra

Who is commenting?

Top topics

Most viewed Most shared
EBA to relax controversial PSD2 authentication rulesEBA to relax controversial PSD2 authentica...
12651 views comments | 52 tweets | 72 linkedin
RBS to become fintech fund and high street outlet for challenger banks under HMT remedyRBS to become fintech fund and high street...
8566 views comments | 40 tweets | 34 linkedin
BNY Mellon seeks blockchain experts for new emerging biz and tech teamBNY Mellon seeks blockchain experts for ne...
6825 views comments | 7 tweets | 4 linkedin
High rate of defaults hit P2P lending sectorHigh rate of defaults hit P2P lending sect...
6810 views comments | 18 tweets | 13 linkedin
hands typing furiouslyBlockchain Technology
6187 views 1 | 15 tweets | 7 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job