Swedish Startup IZettle to Sell Card Reader for Apple Pay
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Payments startup IZettle AB, a Swedish rival to Jack Dorsey’s Square Inc., will start selling a credit-card reader that lets shoppers pay by tapping the device with a smartphone or bank card.
The company, whose card-deck-sized devices are used by car-repair shops and street-market vendors, said the new reader works with chip-and-PIN and contactless payment cards as well as mobile applications such as Apple Pay and Google Wallet. It’ll start selling in the U.K. on June 1 for 79 pounds ($124) and will roll out to other markets in the coming months, Stockholm-based IZettle said Tuesday.