Seemingly, mobile payments service iZettle has started off 2017 as it means to go on, raising a €60m investment alongside the appointment of a new CFO.
A third of UK shoppers have revealed they believe cash will be obsolete within the next five years, according to Worldpay, despite the fact the Bank of England is rolling out a new £5 note for use from Tuesday 13 September.
Launched out of Sweden, iZettle quickly made the UK its second home soon after starting up, and that trend continues today as the mobile payments business has acquired Scottish company intelligentpos for access to its cloud-based point-of-sale platform.
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Cash as legal tender has been around for almost 300 years. And whilst a great deal has changed in how we buy and sell, cash has been stalwart throughout the ages, only recently beginning to see challenges from cards and now mobile payment options.
Google’s announcement that Android Pay will be coming to the UK in a few months is a hugely significant moment in the mobile payments story – one that marks a nail in the coffin for card transactions at the point of sale.
To support the growth of online businesses globally, digital payments service Stripe has introduced Stripe Atlas at Mobile World Congress 2016, which will provide a framework that includes incorporated business and bank account in the US.
As we continue our search for the nation's digital champions, we've discovered The Counter – a savvy small coffee chain that's tripled the size of its business in just 15 months through innovative thinking that includes setting up in police boxes.
Even before Apple’s entry into the market, the electronic payments sector has been changing rapidly with new devices and technologies entering the market more frequently than ever.
Mobile payments service iZettle has expanded its support of small business owners significantly, from the creation of a new lending division to now launch a “15 Seconds of Fame” campaign that will provide entrepreneurs with exposure on TV.
iZettle, the company that enables small business owners to process card transactions via their mobiles, has secured a €60m Series D investment to expand its services with the introduction of a lending division.
American business ShopKeep, which provides iPad point-of-sale services to small independent companies, has secured a $60m Series D investment round and will use the money to conquer the UK.
With £2.32bn spent using contactless payments cards in the UK during 2014, the need to factor in new payment methods has never been greater.