The smartphone friendly transaction system is now adding a new electronic funds source. Square has just announced that its Wallet app has been updated for both iOS and Android devices in order to be able to allow its users to make mobile payments through gift cards, in addition to the other funding methods available. Users are able to send the gift cards directly through Square from their e-receipt. As soon as a Square customer receives the electronic receipt from a merchant that accepts this brand of mobile payments, he or…
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Mobile commerce battle stepped up by Square
The smartphone payments startup has introduced digital gift cards into its mix to compete with PayPal. Smartphone payments startup, Square, Inc., has upped the ante in the battle against PayPal for a dominant position in the mobile commerce environment, with a new feature that allows retailers to sell gift cards to shoppers. This updated version of the Square Wallet application allows for the purchasing and redemption of gift cards. The app is compatible with both iPhone and iPad devices, as well as those running on the Android operating system. The…
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