As the struggles that are faced by the company continue to grow, discussions of acquisitions grow. Square has been seen as a startup that has everything it takes to succeed, and while it has achieved international adoption and is among the most widely recognized brands in the mobile payments industry, it has been facing a rising number of struggles and there are now talks that acquisition could be in its future. The problem is that its cash is continuing to shrink while its losses continue to broaden. Reports are now…
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Starbucks aims to expand focus on mobile commerce
Starbucks leadership shifts as company begins to take the mobile space more seriously Starbucks is experiencing a shift in leadership as it begins to focus more heavily on e-commerce and mobile payments. The company’s Chief Financial Officer, Troy Alstead, has been moved to the position of Chief Operating Officer. This move will allow Howard Schultz, Starbucks’ Chief Executive, to focus on the expansion of the company’s mobile and e-commerce efforts. Starbucks has managed to establish a strong presence in the mobile space and has plans to further increase its accessibility…
Read MoreM-payments acquisition of Evenly made by Square
The processing business is seeking to broaden its capabilities through the purchase of the startup. The most recent acquisition made by Square appears to be geared toward making it easier for its app users to be able to use m-payments to send and collect money from their friends. This was what the company revealed when it announced its acquisition of Evenly. The acquired company was designed to be an easy m-payment app that has tools that Square clearly finds to be highly appealing and wants to be able to integrate…
Read MoreMobile payments startup in Mexico receives massive investment funding
Startup company called Clip has raised $1.5 million to implement Mexican smartphone transactions. Clip, a mobile payments startup, has managed to raise $1.5 million in funding in order to create a smartphone based transaction system that will cater to consumers in Mexico, providing a service that has been compared to Square. There are considerable differences, however, between what Clip and Square provide their customers. The mobile payments service at Clip is focused primarily on the needs of specific local markets, such as that of the Spanish speaking world in Mexico.…
Read MoreMobile payments from Square are headed into Japan
This is the first time that the program has moved to a country outside of North America. Square, the mobile payments platform, has just announced that it has become publicly available to consumers in Japan, in a move that is taking the service outside North America for the first time. As the iPhone is a highly popular device among the Japanese, this makes it a potentially strong location for Square. Mobile payments from Square were first available to iPhone users, before it eventually expanded to be usable for Android based…
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