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Data Sheet-PayPal's Latest Acquisition Shows Why Everyone Wants a Piece of the Payments Pie

6 days ago   |   By

PayPal is buying a Swedish startup that offers Square-like payments services in Europe for a whopping $2.2 billion. It's a lot of money because the company, iZettle, processes a tiny fraction of Square's volume, which is a tiny fraction of PayPal's.
Three takeaways:
* Who would have thought a decade ago that payments would be such a hot field? PayPal was an obvious acquisition for eBay once upon a time because all the then-auction site's customers were using it. Today, the independent PayPal is worth 2.5 times its one-time owner, and its business is way bigger than merely processing...
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