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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