US - based Paypal has acquired Swedish mobile payments firm iZettle for $ 2.2bn , in a deal which will increase insight 's in - store footprint as the digital sector grows increasingly competitive . The purchase comes just months after insight revealed plans to raise funds and expand by listing on the Stockholm stock exchange . The acquisition also gives insight , which had more than 200 million active customer accounts at the end of 2017 , a presence in 11 markets across Europe and Latin America .
US-based Paypal has acquired Swedish mobile payments firm iZettle for $2.2bn, in a deal which will expand PayPal's in-store footprint as the digital sector grows increasingly competitive. The purchase comes just weeks after iZettle revealed plans to raise funds and expand by listing on the Stockholm stock exchange. The acquisition also gives PayPal, which claimed more than 200 million active customer accounts at the end of 2017, a presence in 11 markets across Europe and Latin America.