Tag: Square

Mobile wallet market to break $16.2 trillion by close of 2031

Stephanie Beck
Mobile wallet - Payments via smartphone

The world is moving evermore cashless, and consumers are turning to their phones for payments. As a growing number of countries worldwide trend toward cashlessness, the mobile wallet market worldwide is seeing striking growth. Even before the pandemic, it was already taking off, but contactless trends sent its use skyward. In 2015, the mobile wallet market was valued at $675 billion. By 2018, it had already risen to 1602.4 billion, and the number has only continued to climb. Among the factors that have helped to drive the use of payments…

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Block is working on creating a new crypto wallet gadget

Sam Lambert
Crypto Wallet - Cryptocurrency

Jack Dorsey’s company formerly known as square is using a hexagonal device for the purpose. Block, Jack Dorsey’s mobile payment company formerly called Square, is currently working on a new gadget that will work as a crypto wallet. The hexagonal device has a finish that makes it look as though it is one of several types of rock. These hexagonal rock-like crypto wallet gadgets are equipped with USB ports and, according to an image tweeted by Block hardware head Jesse Dorogusker, it may also feature a fingerprint reader. That said,…

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Square QR codes launch, allowing diners to order from their restaurant tables

L. Green
Square QR codes - Square pay machine and a mobile phone

The system was developed to help provide restaurants with a new way to operate during the pandemic. Square QR codes are offering restaurants a new way to keep operating by making it possible for diners to peruse the menu, order the food they want, and pay without ever having to interact with a server. The barcodes themselves aren’t unique but combining them with the point of sale system makes a difference. The pandemic has caused many restaurants to use quick response barcodes to replace printed menus. This helps to reduce…

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Square payment technical glitch leads to business owner losing thousands of dollars

Stephanie Beck
Square Payments - Coffee Shop

Owner of a Toronto-based mobile coffee shop says she lost $14k in payments made through Square. Monica Mustelier, a Toronto business co-owner of Little Havana mobile coffee shop lost CA$14,000 (US$10.5k) to a Square payment technical glitch and it seems that Mustelier may not be the only one. Square won’t say if the issue is widespread. According to CBC News, a glitch in the popular Square payment technology is causing financial frustration for some of the mobile payment company’s users. When asked if it is a widespread issue or if…

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Square In-App Payments processing becomes a reality

L. Green
Square In-App Payments - Square Reader Mobile Phone Payments - YouTube

Square has launched a customizable SDK in-app payment solution for iOS, Android and Flutter. Square In-App Payments SDK (software development kit) has been launched by the San Francisco-based financial tech company, enabling developers and sellers who use its services to accept in-app payments. While Square has products to help sellers accept payments on the web and in person, this is the first time it will be available in mobile apps. Buyers can securely pay for physical goods or services purchased via mobile app. With the Square In-App Payments SDK, developers…

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