iZettle opens up for invoicing and adds local mobile payments

Stockholm-based iZettle released 2 important updates today. The company announced that it now enables users across the continent to register local mobile payments and send invoices through its point of sale app. This gives iZettle’s users a complete overview of their sales history, ensures compliance with local tax regulations and enables them to sell more.

Jacob de Geer, CEO and co-founder of iZettle, says “We’re seeing an increasingly fragmented world of payments, as countries adopt new technologies in different ways and at varying rates. To not lose out on sales, all businesses must cater to their consumers’ specific payment preferences. And today that means local mobile payments in many countries.

The free service works with major mobile payment apps in the Nordics, – Swedish Swish, Norwegian Vipps and MobilePay in Denmark, Finland and Norway as well as British Pay By Bank app.

Swish is a mobile payment solution for instant transfers, today adopted by more than half of the Swedish population and increasingly popular among merchants.

Vipps is Swish’s Norwegian equivalent, used by more than half of the Norwegian population.

MobilePay is a Danish app installed on 9 out of 10 smartphones in the country. Today its widely used for commerce and also available in Finland and Norway. MobilePay competitor in Finland, Siirto by Nordea is not yet in the list but iZettle is looking to integrate it in the near future.

Pay by Bank app is a similar service in the UK, which allows shoppers to pay for goods and services on mobile devices, with payments directly made from their bank account.

iZettle is also launching an invoicing service across Europe. The service will enable small business owners to send invoices with just a few clicks, get paid faster and skip the hassle of manual administration and payment reminders.

This feature could be a great solution for those iZettle holders who travel and sell in other countries. For now, iZettle only works in the local market it is registered in. For example, if the device is registered in Finland it can only be used in Finland. By sending the invoice iZettle customers may eliminate the frustration from inability to accept payments in other countries.