Square announced on Twitter a new milestone. They are now processing USD 10 billion worth of payments on a yearly basis!
The company has become a popular mode of payments that can be made through smartphones like the Apple iPhone.
They are
Square is seeing more competition from established players in the payments market.
The latest challenger is from VeriFone who has launched a similar mobile platform named SAIL.
SAIL by VeriFone features a mobile attachment and lets you accept
Online sources are reporting that PayPal is nearing the launch of their own credit card reading dongle that would attach to smartphones just like Square.
The company is expected to launch this new product at an event scheduled for Thursday.
Square
Square has something special to boast about now. The company’s mobile payment technology is now being used by the Barack Obama campaign for the 2012 elections.
The campaign operators are equipping staff and interns with smartphones with the