iZettle Launches M-Payments Service in Mexico
Swedish social payments start-up iZettle has made its mobile payments service available in Mexico as a result of the Swedish company’s global partnership with Banco Santander, a Spanish financial institution.
For the Mexican market, iZettle has also launched a new mini chip and Magstripe card reader for Apple or Android phones and tablets, that allows small businesses to accept both chip card and magnetic stripe card payments.
iZettle provides hardware and software that can be used by small merchants to turn smartphones and tablets into mobile credit-card terminals. iZettle’s services are compliant with EMV (Europay, MasterCard and VISA) standards as well as with the Payment Card Industry Data Security Standard (PCI-DSS). No sensitive data is stored on the mobile device or iZettle reader, and all data traffic is encrypted.
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