PayPal confirms that it is buying payments startup iZettle for $2.2B in an all-cash deal

PayPal confirms that it is buying payments startup iZettle for $2.2B in an all-cash deal

“PayPal is taking its biggest bet yet on point-of-sale transactions, small businesses and markets outside of the U.S. as it looks to raise its game against Square, Stripe and others in the world of payments: The company has confirmed that it is buying iZettle — the Stockholm-based payments provider commonly referred to as the “Square of Europe” — for $2.2 billion in an all-cash deal.”

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