HomeRe-/LaunchStockholm-based payments platform iZettle initiates commercial launch across Europe

Stockholm-based payments platform iZettle initiates commercial launch across Europe

Today iZettle, a payment platform that is Europe’s answer to Square, announced the end of its test phase and the start of its commercial availability in Sweden.

The free app and chip-card reader by the Stockholm-based startup lets anyone take payments anytime, anywhere using their iPad, iPhone or iPod touch. iZettle raised €8.2 million in venture funding last month to change the way people handle business transactions.

Jacob de Geer, their CEO and co-founder, stated in relation to the official launch: “We’re very satisfied with results so far and look forward to adding new card networks to the iZettle offering and expanding throughout major European markets early next year”.

Mats Taraldsson, Head of Market Development at MasterCard Nordic & Baltic region, said: “We are proud that iZettle continues to build onMasterCard’s expertise – and as they now initiate their commercial launch across Europe we think it’s great news that millions of merchants for the first time will be able to take card payments”.

The completion of iZettle’s test coincides with the release of a new version of its iPad application for businesses that need to process multi-product sales in a single transaction. Soon available in Apple’s app Store, iZettle’s new iPad app makes it possible to create custom menus of products much like on expensive touch-screen POS systems in retail establishments around the world. The demand for iZettle’s card readers has exceeded all expectations, but the company now guarantees that all registered users will have their card reader before Christmas.

To find out more about this promising European provider of mobile card payments, check out their latest promotional video:

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Thomas Ohr
Thomas Ohr
Thomas Ohr is the "Editor in Chief" of EU-Startups.com and started the blog in October 2010. He is excited about Europe's future, passionate about new business ideas and lives in Barcelona (Spain).


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