PayPal, an American company operating a worldwide online payments system, completed the acquisition of iZettle, a Swedish financial technology company, for $2.2bn. “Small businesses are the engine of the global economy and we are continuing to expand our platform to help them compete and win online, in-store and via mobile. iZettle and PayPal are a strategic fit, with a shared mission, values and culture—and complementary product offerings and geographies. In today's digital world, consumers want to be able to buy when, where and how they want. With nearly half a million merchants on their platform, Jacob de Geer and his team add best-in-class capabilities and talent that will expand PayPal’s market opportunity to be a global one-stop solution for omnichannel commerce.” Dan Schulman, PayPal President, and CEO.