Mobile payments company Square has made a few big decisions in the last several months, one of the most consequential being their plans to go global.
In a recent announcement by spokesperson Lindsay Wiese, the company confirmed that Square will be opening an office of over 30 employees in Kitchener, Ontario Canada. The Canadian office is slated to open in September of 2014, and the area’s “thriving and talented tech community” is the primary reason for the expansion, we’re told.
Square offers many mobile payment processing solutions (iPhone credit card processing and more) based on affordable and easily accessible technology that allows retailers to turn compatible iOS and Android devices into mobile payment processors.
The technology requires retailers to download the Square office app, and procure a compatible card reader that plugs directly into the headphone jack of their mobile device. This lets small businesses and mobile businesses to expand their consumer base and offer more than cash only payment options. This technology is also ideal for vendors who have small budgets, such as artists, fair vendors, or farmer’s market participants.
Square believes that mobile payment processing has the potential to eliminate the need for carrying cash among the vast majority of consumers.