When we wrote about iZettle's partnership with Banco Santander, we mentioned that this is a big step for the company that will open doors to growth and expansion. Today, this is becoming a reality as iZettle announced its launch in Mexico today. Not a big deal, right? Wrong.
First of all, this is their first expansion outside of Europe, meaning that the company is on a path of growth in global markets. Strong presence in Mexico, the worlds 13th biggest economy, gives them the footing that the company needs to quickly spread across the Americas.
Nokia has just announced, according to Reuters that it is cutting down 4000 jobs in Finland, Hungary and Mexico as it struggles for better profitability. Finnish Helsingin Sanomat expects that the factory in Salo will see some 1000-1200 jobs cut as part of downsizing the output to match demand in Europe.