Square’s new e-commerce play: helping businesses process payments in their own apps [Los Angeles Times (CA)]
Block, Inc. Class A, (SQ)
Last block, inc. class a, earnings: 2/26 04:05 pm
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Source: Los Angeles Times
Square’s new e-commerce play: helping businesses process payments in their own apps Square Inc. is rolling out a feature that enables developers and sellers to process payments within mobile apps, deepening the company’s push into online commerce and increasing its competition with rivals Stripe Inc. and PayPal Holdings Inc. Known for helping small bricks-and-mortar businesses accept credit cards, Square’s system now will expand to enable businesses to accept payments in their own mobile apps, the company said Wednesday. The new software tools are part of Square’s move into a one-stop-shop for businesses that helps with payroll, loans, accounting, inventory tracking, website building and other services. And in October, the San Francisco company rolled out its offering of consumer loans for people to pay for goods and services from merchants that use its payment platform. Square is operating in an increasingly crowded market for payments technologies that work across platforms. The new
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