Tag: Square Cash

Mobile payments firm Square prepares to launch IPO

| October 19, 2015

Square announces plans to launch IPO in the near future

Square, one of North America’s leading mobile payments firms, has announced plans to file an Initial Public Offering (IPO), selling shares under the ticker symbol SQ. Analysts have been speculating that Square would launch an IPO for months, but the company has been relatively quiet regarding its plans, until now. Currently, the Square IPO is valued at as much as $275 million, though this number could change as the IPO attracts more interest from investors.

Company expected to offer more information concerning IPO in the coming months

The number of shares the company will offer and what price range these shares will have are not yet set in stone. Goldman Sachs will serve as the lead underwriter for the company’s shares, alongside JPMorgan and Morgan Stanley. When the IPO will launch has not yet been officially announced, but growing interest in mobile payments may mean that the IPO is coming sooner rather than later.

Mobile payments continue to gain popularity in the US and elsewhere

Mobile Payments - Square Merchant CaseMobile payments have become very popular in the United States and elsewhere around the world. Square has established a significant lead in the sector, proving that its Square Cash application, as well as other services, are capable of engaging mobile consumers and allowing retailers to do the same. In 2014, Square reported some $850 million in revenue, though it had also lost approximately $154 million. The company has narrowed its losses so far this year, reporting $77 million in losses and $560 million in revenue generated.

Square proves that it can find success in the mobile payments field

Since its founding in 2009, Square has raised more than $600 million in venture capital. The company has established itself as a leading entity in mobile payments and had helped Starbucks do the same over a relatively short amount of time. As mobile payments continue to grow in popularity, Square is likely to continue seeing success in this field, especially as it works with other companies that also have a strong interest in mobile commerce.

Mobile payments firm launches new service for businesses

| March 27, 2015

Square has launched a new service that aims to help businesses connect with mobile consumers

Square, a prominent mobile payments firm operating in North America, has announced the launch of a new service, called Square Cash, for businesses in the United States. Square had been the most prominent mobile payments firm in the country for a time before the market became crowded with competitors. As large companies like PayPal and Apple have become more involved in the mobile commerce space, Square has had to find new ways to compete and attract the support and attention of mobile consumers.

Square Cash could be a boon for businesses

Square Cash is designed to deposit payments directly into a business’ bank account, rather than placing these funds into a holding account. The company is also offering what it believes to be a competitive rate for transactions, with this rate being 1.5%. This is lower than the rate offered by some of Square’s competitors, which may make it more attractive to businesses that are becoming more interested in mobile payments.

Square launches $Cashtags in order to inform consumers when they can make a mobile payment at a business

Mobile Payments- Square Square has also launched a new initiative, called $Cashtags, which involves notifying consumers that they are able to use mobile payments at stores that are supporting Square Pay. These $Cashtags are meant to work in a way similar to hashtags on Twitter, providing businesses with a way to inform consumers that they can make payments using Square Cash. These tags can be personalized, which would offer consumers information about products that they may be interested in as well.

Square Cash may appeal to businesses that want to connect with mobile consumers

Mobile payments have become quite popular among consumers, but relatively few businesses support this new form of commerce. This has to do with concerns regarding security, but companies like Square have been making strides in improving the safety of mobile commerce as a whole. With its new service, Square may be able to find renewed support among businesses that are investing in engaging mobile consumers.