Starling Bank has added PayPal’s iZettle to its Business Marketplace – the first payment service provider to join Starling., according to a note from the bank. iZettle offers a range of payment and commerce solutions like point of sale systems and invoicing software.
Starling Bank says the arrival of iZettle to its Marketplace is indicative of a broader strategy of deeper integration of third party features. Recently, the move to facilitate Fintech everywhere has picked up pace as banking services become widely distributed – available when and where you need them.
Anne Boden, founder and CEO of Starling Bank, said the integration will help Starling’s SME customers see granular information on their payouts from iZettle as well as offering them an easier way to manage their transaction data for bookkeeping purposes, saving them time and effort.
Starling customers who accept payments with iZettle may view details of incoming deposits in their banking app. Customers will also be able to monitor how many sales they’ve made over the last seven days using iZettle.
Starling adds that it currently has a 4.4% share of the UK SME banking market. Obviously, it wants to push this percentage higher.
For Starling customers who subscribe to Starling’s Business Toolkit there are additional benefits, including the option to record iZettle transactional data for bookkeeping purposes.
Jacob de Geer, Vice President of Small Business Products and iZettle, PayPal, commented on the partnership:
“It’s fantastic to support new and existing small business owners through our integration with Starling Bank. Together, we can help merchants across the UK access critical sales data and analytics in one place so they can make important decisions that allow them to sell smarter and grow their business.”