UK: PayPal-iZettle takeover in CMA crosshairs

UK: PayPal-iZettle takeover in CMA crosshairs

Britain’s competition watchdog announced on Wednesday, December 5, that PayPal’s US$2.2 billion takeover of Swedish financial technology startup iZettle would be referred for an in-depth review. The Competition and Markets Authority (CMA) stated PayPal had refused to offer proposals to address its concerns on how the deal—PayPal’s biggest ever—could hurt competition and could lead to […]

UK: PayPal’s iZettle deal raises antitrust concerns

UK: PayPal’s iZettle deal raises antitrust concerns

PayPal’s US$2.2 billion acquisition of European financial-technology startup iZettle is being scrutinized by the UK antitrust watchdog over concerns the deal could lead to higher prices for payment services and reduce competition, reported The Wall Street Journal. PayPal, which closed the deal in September, could ultimately face pressure to unwind part of the transaction that […]

UK: PayPal-iZettle deal probed

UK: PayPal-iZettle deal probed

As reported by the Financial Times, the United Kingdom’s competition watchdog, the Competition and Markets Authority (CMA), stated, in what is known as an initial enforcement order, that it will examine whether the merger between US-based PayPal and Sweden’s iZettle has a detrimental impact on competition in the UK As has been widely reported, the […]

US: PayPal buys Hyperwallet

US: PayPal buys Hyperwallet

It’s a deal that hits some of the most important payment-related hotspots: Online marketplaces. Localized currencies. Global payout services. The gig economy. Expanded eCommerce ecosystems. The deal announced late Tuesday (June 19), the one where PayPal buys Hyperwallet for $400 million, not only creates a company that will have significantly increased power in all facets […]

US: PayPal challenges Square with US$2.2b EU acquisition

US: PayPal challenges Square with US$2.2b EU acquisition

Days after iZettle said it planned to seek a listing on the NASDAQ Stockholm stock exchange, PayPal Holdings has announced that it is acquiring the Swedish payments company for US$2.2 billion in cash. With the deal, which may close in the third quarter, iZettle’s co-founder and CEO, Jacob de Geer, will reportedly continue on with […]

Canada: Visa and PayPal extend partnership

Canada: Visa and PayPal extend partnership

Visa and PayPal announced news on Wednesday, May 9, that they have expanded their strategic partnership to include Canada, where the two companies will work together to accelerate adoption of secure, reliable and convenient digital and mobile payments for consumers and merchants. In a press release, Visa and PayPal said they’ve already collaborated in the […]

US: PayPal and eBay strike new deal

US: PayPal and eBay strike new deal

PayPal and eBay announced Monday, April 23, that the two have inked a new agreement in which eBay will offer PayPal as a payment method until July of 2023. In a press release, eBay and PayPal said the new agreement builds on a deal to make PayPal a payment option on eBay’s new payments model. […]

US: Paypal partners with Google for Android Pay

US: Paypal partners with Google for Android Pay

PayPal and Alphabet Google deepened their relationship with a new agreement that enables payments through the tap of a phone from PayPal accounts at thousands of new retail locations. The partnership lets PayPal users link their accounts to Android Pay, Google’s digital wallet, on smartphones running most versions of the Android operating system. This makes […]