Oh, how far mobile payments have come.
The team at Square — the nation’s leading mobile payments platform — says its mobile money service has just reached a new milestone.
“Congratulations and thank you,” the company announced on its site. “Together, you just made $100,000,000 in sales in one day.”
It’s a remarkable fact, and a feat that’s easy to understand when you consider that 1 in 4 active U.S. credit cards paid with Square this year.
All together, Square merchants now make up the 13th largest American retailer.
Putting Square’s growth into further perspective is the following infographic created and shared by the mobile payment’s company.