IZettle is launching mobile payments in Mexico with Banco Santander

iZettle continues in its partnership with Banco Santander with m-Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term service offering in Mexico

Swedish payments Startup Startup A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c Read this Term iZettle has expanded on its global partnership with Spanish bank Banco Santander by expanding beyond the Eurozone and into Latin America with the launch of mobile payments in the growing Mexican market place.

The product offering will be two fold, including a card reader for Apple and Android devices and chip reader for vendors to accept payments with swipe and smart chip reading methods, in line with other data phone solutions. The ability to use existing hardware is appealing as it allows mobility of sales staff, and a more attractive method of payment, as most customers in Latin America traditionally use cash for onsite transactions.

The new services are in compliance with EMV (Europay, MasterCard and VISA) standards in addition to Payment Card Industry Data Security Standard (PCI-DSS), thus allowing ease of expansion into other regional markets where these standards are a must. All data transmitted through the devices are not stored onsite and is encrypted.