iZettle – the social payments company that allows small businesses to accept credit cards is launching it’s service in Brazil today – after announcing it’s Mexican launch in June. A couple of months back, the company announced a global partnership with bank Banco Santander – so it’s no surprise to see these announcements.
Since launching in 2010, iZettle have now launched in U.K., Spain, Germany, Sweden, Denmark, Norway, Finland, in addition to of course Mexico and Brazil. Former Volvo Latin America CEO, Anders Norinder, will lead iZettle’s Brazilian operations as Managing Director.
Magnus Nilsson iZettle Co-founder and Chairman of iZettle do Brasil had this to say:
Brazil is the world’s second largest card payment market, and the opportunity for iZettle to equip individuals and small businesses with card payment acceptance is immense. 99.7% of companies in Brazil are SMEs and micro merchants and we want to empower them with a cost-effective way to take payments other than cash, so they never have to miss out on a sale again.
From sole traders in remote towns, to micro merchants in major cities, this is the start of a big change for Brazil, where accepting card payments for this group will be easier and more affordable than ever. We are extremely pleased to be partnering with Banco Santander and in particular we find the attitude to and interest in new technology and innovation to be exactly what we have been looking for in a partner. Together we will move mountains.