iZettle has announced Banco Santander, the Eurozone’s largest bank by market capitalization, is making a strategic investment of more than €5 million in the company.
Millions of small business owners and professionals in the markets where we operate need an alternative to conventional credit card terminals, and simple software to manage and analyze their transactions,” said Ramón Tellaeche, head of Santander Cards at Banco Santander.iZettle’s app for accepting credit card payments is now available for download free of charge from Apple’s App Store or Google Play in the U.K., Spain, Germany, Sweden, Denmark, Norway and Finland and coming soon to more countries. iZettle’s Chip & PIN and Chip & Signature card readers can be purchased at iZettle.com.
“We are strongly committed to innovation that satisfies emerging needs of our customers, we believe iZettle’s innovative mobile technologies will be crucial to those merchants’ near and long term success.”
Separately, iZettle also announced a partnership agreement with Santander UK for Santander's Business Banking unit to "offer a solution that includes the iZettle Chip & PIN reader, to its small business customers at a preferential rate, enabling them to accept card payments using their smartphones and tablets in a far more cost effective and flexible way than traditional card terminals."