iZettle bags Santander deal; launches Chip and PIN reader | Mobile Apps | Mobile Entertainment

iZettle bags Santander deal; launches Chip and PIN reader

iZettle bags Santander deal; launches Chip and PIN reader
Zen Terrelonge


Apps / February 20th 2013 at 4:15PM

Claims it's the first bank in Spain to offer SMB clients card payments via mobile.

iZettle, perhaps better known as the European Square, enables sole traders and small businesses to accept card payments via an Android/iOS connected dongle.

Following a UK launch in November, the company has expanded its reach via a Spain-based partnership with Banco Santander, which will provide customers with access to the iZettle platform.

Additionally, the m-payments firm says Santander is now the first bank in Spain to offer self-employed merchants card payments via smartphones and tablets, which fits in with the bank's Innova creative payments initiative.

iZettle has also introduced a €49 Chip and PIN reader, which connects to mobile devices via Bluetooth. It works in the same way as the dongle, processing payments through the service's dedicated app. The reveal comes following rival Payleven announcing a similar device at Apps World in October.

Francisco Fernández Cué, head of payments at Banco Santander, said: "In Spain alone there are more than one million self-employed, professionals, and micro-companies that, due to the mobile nature of their business, need an option that is more flexible than conventional card terminals. For Banco Santander it is a priority to help these businesses to grow and flourish. The bank is making use of new technologies and mobile devices to make its customers’ lives and work easier."

Jacob de Geer, co-founder and CEO of iZettle, said: "After seeing a great demand and take up on our Chip & Signature solution, adding a Chip and PIN reader to our product offering enables us to extend our target group of individuals and micro merchants to include businesses with higher transaction volumes."