Polish PM in Sofia for EU-Western Balkans summit
Theresa May is pledging her commitment to the security of Europe at a meeting of European Union leaders in Bulgaria . There was no "plan B", Tusk said, emphasising that the future of the Western Balkans was in the EU.
PayPal, based in San Jose, California, says Stockholm-based iZettle is on pace to process about $6 billion in payments this year.
Buying iZettle will expand PayPal's reach into shops in Brazil, Denmark, Finland, France, Germany, Italy, Mexico, the Netherlands, Norway, Spain and Sweden.
By joining forces with PayPal, which operates in 200 countries, iZettle will be able to accelerate its global expansion, including to the US. Paypal expects this huge bet to pay off by giving it a formidable presence in the point-of-sales market and a better standing against strong competitors such as Square Inc and Stripe Inc. The deal will be an all-cash deal and is expected to be closed by third quarter of the current financial year. "The combination of iZettle and PayPal will provide tremendous benefits to our merchants who will have access to an even wider range of tools to help them get paid, sell smarter and grow". The deal expands PayPal's in-store expansion opportunities in its current markets and help the company push omnichannel commerce services in Australia, the United Kingdom and the US. The two companies will continue to operate independently until close.