Paypal brings Zettle terminal to the UK

Karthik Subramanian

Paypal has launched the all-in-one point of sale (POS) terminal called Zettle in the UK in what is seen as a push towards offline and online payment integration so that the businesses would be able to view and reconcile their accounts in a single place.


The big advantage of the Zettle terminal is that it is mobile and so the payments and the transactions are not tied down to a single place. It has a built-in SIM which means that it would be able to work with any connections and Wifi anywhere which will be extremely useful for companies and businesses which have to settle payments in different places or even do payment settlements in user residences as well. So, it is not necessary that the payment process has to happen at the store or the shop, and rather than settling the payment at where the store is, the payment settlement can happen where the customer is which would greatly help businesses in providing a variety of services.

“Our work to help small businesses compete and grow has never been more important,” said PayPal Senior Vice President of Payments and SMB Solutions Jim Magats. “With the Zettle Terminal, we will help small businesses sell seamlessly across in-person and online channels and offer them flexibility throughout the checkout process so they can meet their customers wherever they are. The Zettle Terminal is a complete, mobile in-store solution that will take in-person commerce to the next level.”

The company also has plans to bring in a bar code scanner somewhere in 2022 in what is seen as a big push towards digital payments. This industry has been growing extremely fast ever since the advent of the pandemic and the user base of many of the digital payment companies has grown manifold and so has the number of startups involved in this space. This has forced the likes of Paypal to pull up their socks and get into innovating and growing in this space which it is doing at a rapid pace after many years as this is needed for the survival of all players in this industry. With funds being poured into this industry by the investors, it is a race to grow and expand and capture userbase for small and large companies alike and this is what we are seeing at the moment.

Read this next

Retail FX

Italian watchdog red flags Olympus Brokers, UnicoFX and Allfina Group

Italy’s Commissione Nazionale per le Società e la Borsa (CONSOB) has shut down new websites in an ongoing clampdown against firms it accuses of illegally promoting investment products in the country.

Retail FX

XTB revenues hits zł1.45 billion in 2022, Q4 earnings disappoint

Poland-based Forex and CFDs broker, XTB has reported its final results for Q4 of 2022 and the full fiscal year ending on December 31, 2022, showing one of its most successful corporate years.

Executive Moves

Lirunex Limited recruits Waleed Salah as head of MENA sales

Maldives-based brokerage firm Lirunex Limited has secured the services of Waleed Salah, who joined the company in the role of its head of sales for the MENA region.

Executive Moves

Trading 212 parts ways with co-founder Borislav Nedialkov

Trading 212 has a void to fill at its FCA-regulated business in London, following the departure of two key players, Raj Somal and Borislav Nedialkov.

Digital Assets

Binance acquires troubled crypto exchange GOPAX

Binance, the world’s largest digital asset trading platform, has reportedly acquired a majority stake in the troubled South Korea-based cryptocurrency exchange GOPAX.

Digital Assets

Kraken exits Middle East, closes UAE office

Digital currency exchange Kraken will close down its operations in Abu Dhabi, UAE and lay off the majority of its team focused on the Middle East and North Africa.

Industry News

CFTC comments on ION Cleared Derivatives issues after Russian-linked hack

“The ongoing issue is impacting some clearing members’ ability to provide the CFTC with timely and accurate data. As this incident unfolded, it became clear that the submission of data that is required by registrants will be delayed until the trading issues are resolved.”

Industry News

FCA took down 14 times more misleading ads in 2022 thanks to technology

The FCA has made significant improvements to the digital tools it uses to find problem firms and misleading adverts. These improvements have enabled it to work through a much larger number of cases compared with 2021.

Executive Moves

HKEX appoints ex-Goldman Sachs Matthew Cheong to lead platform’s focus on derivatives

“He has worked for a number of the world’s leading investment banks and his experience will be invaluable to HKEX as we continue to enhance our derivatives product offerings and build on our innovative and robust platform business, connecting capital with opportunities.”