Wednesday, 19 December 2012

Square is processing $10 billion worth of payments a year

"Just a day after Bank of America announced its own mobile payments service, mobile transactions startup Square said it is now processing $10 billion in annual payments, an increase of $2 billion from two months ago.
“Today we’re processing $10B in payments annually, an amazing and humbling milestone,” it said on Twitter. “To the small businesses growing with Square, thank you.”
Square’s profile has raised quite a bit in the past year, especially after it agreed to handle all of Starbucks’ payment processing, with Starbucks investing $25 million in the business. It also has CEO Jack Dorsey out in front promoting the hell out of the company as he moves further away from his role at Twitter."

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