Tag: square

PayPal launches new mobile payments service

| January 20, 2014

New mobile payments services comes to the Asian market thanks to PayPal

PayPal has launched a new mobile payments service in order to embolden its presence in the Asian market. Asia has proven quite attractive in terms of mobile commerce due to the growing degree of smartphone and tablet penetration and the increasing number of retailers entering into e-commerce. In order to tap into this promising market, PayPal has launched mo.bi.pay, which stands for “mobile built-in payments.” This new service is designed to appeal to small and medium-sized enterprises.

Asian market shows a great deal of promise when it comes to mobile commerce

Merchants throughout Asia are becoming quite interested in mobile commerce. They have found that consumers enjoy shopping from their mobile devices and those that do so tend to spend more money than those that do not. E-commerce has already won the favor of many consumers throughout Asia, particularly those in China, and this popularity has not gone unnoticed by retailers. Large retail organizations like Alibaba have made a name for themselves in the world of online shopping and are now beginning to focus on mobile commerce.

Services for small and medium-sized enterprises are currently lacking

Paypal mobile payments serviceThere are many mobile commerce services that are available for large retailers, but few of these services cater to the needs of smaller groups. PayPal intends to capitalize on this by giving small and medium-sized enterprises something they can use to engage mobile consumers more effectively. Mobile point-of-sale payments are expected to reach $5.4 billion by 2018 and PayPal is keen to ensure that it has positioned itself to take advantage of this aggressive growth in mobile payments.

PayPal works to fend off its competition in the mobile space

PayPal now accounts for 42% of eBay’s total revenue. The company has been purchasing firms that specialize in mobile commerce and technology recently, with its most prolific acquisition being that of Braintree for $800 million. PayPal is working to establish an even stronger presence in the mobile payments space so that it can fend off competition from companies like Google and Square. While Square has focused primarily on the North American market, the company has recently expanded into Japan.

Square launches new mobile commerce device

| January 8, 2014

Square Reader aims to help merchants go mobile

Leading mobile commerce organization Square has unveiled “Merchant Case” with integrated Square Reader. The Square Reader platform is designed to make it easier for small businesses and entrepreneurs to participate in mobile commerce and track inventory and consumer trends through the Square Register platform. Square has also announced that it has launched a new partnership with Griffin that will launch the “Merchant Case,” which is used alongside the Square Reader.

Merchant Case adds more convenience to Square Reader

The Merchant Case is, quite simply, a protective case for a smartphone. The current iteration of the product is designed for the iPhone and features a space that can hold a Square Reader. The Square Reader is a small device that can be plugged into an iPhone, allowing for users to make mobile payments. Square has similar devices designed specifically for consumers, whereas the Square Reader is meant to target merchants.

Accessory makers design products for Square


Both the Square Reader and Merchant Case are part of the “Works with Square” program. This program tasks accessory makers with developing products that work specifically with Square’s products, expanding the company’s presence in mobile commerce. Square already has a powerful presence in North America and has recently expanded into the Japanese market. In the U.S. alone, the company has process over $16 billion in mobile payments.

Square continues to show promising success

Square is currently considered one of the leading entities in the mobile commerce space. The company has managed to beat out competition from others, including PayPal, and has been making progress on a wide range of initiatives. As mobile commerce continues to gain momentum with consumers and merchants, Square is expected to continue seeing impressive growth. This growth may help the company expand into new and promising markets in the near future.