Square Boosts Global Payments Ambitions With U.K. Expansion
- Country has high concentration of small, medium-sized business
- Jack Dorsey plays down impact of Brexit to Square’s business
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Square Inc. is rolling out mobile payment services in the U.K., marking its biggest global expansion in a push to boost growth while the U.S. market nears saturation.
Though Square has already planted a flag in Canada, Japan and Australia, the U.K. represents its best opportunity to sign on new merchants and increase sales volume. The world’s fifth-largest economy has a high concentration of small and medium-sized businesses that are Square’s target customers.