Expanding into Germany
iZettle, a provider of technology that turns mobile phones into payments terminals, is partnering with DZ Bank and Deutsche Telekom to launch its services in Germany. This is the 6th country the firm has targeted, and is also currently conducting beta testing in the UK in preparation for a full roll-out.
Equens, which is part owned by DZ Bank, will process payments, while Deutsche Telekom will distribute chip-card readers in shops from November. 25,000 free readers will be handed out for iPhones and iPads.
iZettle has also secured backing from American Express which joined series b funding alongside MasterCard.
“Strategically, Germany is one of our core markets, and we are committed to serving everyone from individuals to small businesses here long term,” said Jacob de Geer, CEO iZettle. “Our ambition is to become the undisputed market leader in Germany and given the partnerships with DZ Bank and Beutsche Telekom we believe we are very well positioned.”
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