Square sees increase in payment volume

Friday 27 April 2012 | 13:17 CET | News
Square has increased its payment volume by 25 percent since March, writes Bloomberg citing COO Keith Rabois. Founded in 2009, Square is processing transactions at an annualised rate of USD 5 billion, up from USD 4 billion in March, as more consumers embrace mobile payments, Rabois said in an interview. Square's smartphone readers enable US merchants to accept payments in any location. The company is making cash from sales before 17:00 hrs on any day available in merchants' accounts on the next business day, which is faster than its competition. Square declines to say the ways in which it

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Apple / Ebay / Google / MasterCard / PayPal / Square
Countries: United States
::: add a comment
This article is part of dossier


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Square COO Rabois resigns

Published 25 Jan 2013 09:12 CET | United States
US mobile payments company Square's COO, Keith Rabois, has resigned from the company he joined when it was a start-up in the ...

Ebay raises FY outlook for mobile sales to USD 10 bln

Published 19 Jul 2012 09:09 CET | World
eBay raised its forecast for sales over mobile channels this year to USD 10 billion. The company previously expected PayPal and ...

Square mobile payment service hits 2 mln users

Published 15 Jun 2012 05:51 CET | World
Mobile payment startup Square reports that over 2 million individuals and businesses can now accept credit cards with Square. In ...

2Ergo launches contactless coupon redemption tech

Published 21 May 2012 12:10 CET | United Kingdom
UK-based mobile marketing company 2ergo Group launched TikTap, its local commerce contactless coupon redemption technology. The ...

iZettle tests mobile payments service in the UK

Published 16 May 2012 10:22 CET | United Kingdom
iZettle, a Swedish m-payments start-up whose mini chip-card reader and app turns an iPhone or iPad into a credit card terminal, ...

VeriFone Systems launches payment-as-a-service platform

Published 09 May 2012 10:35 CET | United States
VeriFone Systems introduced Sail by VeriFone, a payment-as-a-service platform that provides business owners and merchants with a ...

PayAnywhere starts sale of credit card reader for smartphone

Published 08 May 2012 17:57 CET | United States
PayAnywhere, a provider of mobile point of sale products, announced that its credit card reader for smartphones will be shipping ...

PayPal launches m-payment service for small businesses

Published 16 Mar 2012 06:23 CET | World
PayPal has introduced a mobile payments service dubbed 'PayPal Here'. The service aims to allow small businesses to accept almost ...

Prepaid is 9.7% of total mobile Sims
France  |  2016 Q2

Calendar   /   Industry Events

23 Oct Iran ICT Forum
24 Oct MTN Q3 trading update
24 Oct Knowles Q3 2016
24 Oct T-Mobile US Q3 2016
24 Oct The Tech Expo 2016
24 Oct Broadband Forum meeting
24 Oct Intel Capital Global Summit
25 Oct Akamai Technologies Q3 2016
25 Oct Millicom Q3 2016
25 Oct Apple fiscal Q4
25 Oct Corning Q3 2016
25 Oct Telefonica Brasil Q3 2016
25 Oct Orange Q3 2016
25 Oct Sprint fiscal Q2
25 Oct AT&T Q3 2016
25 Oct HTC Q3 2016
25 Oct CME Q3 2016
25 Oct Juniper Networks Q3 2016
25 Oct Pandora Q3 2016
25 Oct RingCentral Q3 2016
25 Oct CES Unveiled Paris
25 Oct FinTech Expo 2016
25 Oct Digital TV Central and Eastern Europe
26 Oct Infinera Q3 2016
26 Oct Telefonica Deutschland Q3 2016
26 Oct Telenor Q3 2016
26 Oct Comcast Q3 2016
26 Oct F5 Networks fiscal Q4
26 Oct Logitech fiscal Q2
26 Oct Megacable Q3 2016
::: More Calendar Items