Swedish payments start-up iZettle, a rival to U.S.-based Square, has acquired Intelligentpos a start-up that turns iPads into sales terminals.
iZettle makes card readers that can attach to smartphones and tablets in order for small merchants to process payments. It does not charge for the devices but only takes a cut of the transaction - between between 1 percent and 2.75 percent -- depending how much the business the trader does.
But now the company wants to target a new area of growth – larger businesses with about 10 to 15 employees, rather than the sole trader running a coffee shop for example, and this is where it hopes Intelligentpos will help.
Intelligentpos turns an iPad into a point of sales (POS) solution. The company has been working with iZettle for the last two years to integrate the Swedish firm's card readers with its POS software. So when people buy Intelligentpos's software, they can accept payments via iZettle's card terminal.