Competitor Profile: Square

2019-11-08
Price :
Published : Nov-2019
No. of Pages : 18

Competitor Profile: Square

Summary

Square is a US-based payment services provider that was launched in 2009. It enables businesses to accept payments through methods including debit and credit cards issued by all major scheme providers, as well as NFC-based solutions such as Google Pay and Apple Pay.

For offline payments, Square offers an array of traditional and mobile point-of-sale (mPOS) solutions for payment acceptance via magnetic stripe, chip, and NFC cards. It also enables online payments through Square Checkout and e-commerce application programming interfaces (APIs). Square’s point-of-sale (POS) solutions are used by a number of prominent brands such as Apple, Amazon, Best Buy, Staples, Target, and Walgreens.

Square also offers fund transfers to both consumers and businesses through Cash App, formerly known as Square Cash. Individuals can use the app to send money to friends and family, while businesses can use it to accept payments for goods and services. Square also extends credit to partner merchants through Square Capital. In January 2018, Square enabled its users to buy and sell bitcoin using Cash App.

The report provides information and insights into alternative payment solution Square including –
– Detailed insight into its business
– Comprehensive coverage of its products and services
– Comparative assessment with key alternative payment solutions
– Information on its performance, including its revenue model
– The company’s important events and milestones

Scope

– In February 2009, Square Inc. founded in the US.
– In October 2013, Square launched the Square Cash app for money transfers.
– In May 2017, Square launched physical debit card for Square Cash app users.
– In March 2019, Square launched Square Invoices, enabling small businesses to create, manage, and send invoices in real time using their mobile phones.

Reasons to buy

– Gain insights into Square’s business operations and key events.
– Gain insights into its product portfolio and revenue model.
– Assess the competitive dynamics in the alternative payments industry by comparing its performance against competitors.

Filed in: Banking & Finance
Publisher : GlobalData
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