Square - Competitor Profile

Square - Competitor Profile

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). Recently, in May 2020, a more customized online checkout solution was launched for smaller merchants due to the rise in online purchases as a result of the COVID-19 pandemic, enabling merchants to accept online payments through payment links.

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.

The report provides information and insights into 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 was founded in the US.
- In May 2010, Square launched POS solution for iOS and Android devices, allowing merchants to accept payments.
- In January 2019, Square launched Square Card, a free Mastercard business debit card for businesses.
- In May 2020, Square launched a dedicated Square Online Checkout for SMEs to accept online payments through payment links.

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.