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Jack Dorsey’s Square launches in the UK

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Mobile payments company Square, founded by Twitter’s CEO Jack Dorsey, has launched in the UK and is eyeing a Europe-wide expansion. 

The platform, which makes it easier for small and medium-sized businesses to take card payments, will sell a card reader that connects to a smartphone or tablet, thus allowing chip and pin or contactless transactions. 

Britain, which is the fifth country where Square is available, is a good fit for the company as data from Barclaycard and FSB / BIS show that 70 percent of UK shoppers prefer to pay by card. Read more…

More about Fintech, Uk, Twitter, Jack Dorsey, and Square

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