Square to Deploy Payments Services Suite in UK

Square, a mobile Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term and point-of-sale (POS) provider, has been steadily upping its market penetration over the past year, focusing on Europe over a heavily competitive US market.

Square has expanded to Canada as well as strengthening its presence in the US. However, the group’s CEO Jack Dorsey has long since seen Europe as a more viable target for expansion. The group first unveiled plans for a move into Europe back in June, though it has now taken more concrete steps to facilitate a European move.

Last year, Square took steps to launch its Europe Ltd. subsidiary based out of the UK. For Square, the UK represents a critical locale and opportunity, given lingering concerns facing the company in terms of profits and long-term growth prospects.

However, the group has faced a litany of regulatory hurdles, which have collectively been an issue for all payments processors. In the UK, Square will compete with other rivals such as Ingenico Group SA and iZettle, according to a Bloomberg report. Despite the upcoming specter of Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term, the UK still boasts an attractive base of clients, constituting a top-five economy and a far less saturated market than the United States.

An official launch in the UK could help allay any shareholder concerns and also help grow the company, giving it some needed momentum in H2 2017. Square to date has focused mainly on payments processing, though it has expanded into other sectors such as loans and software services.