Square makes European move

Square makes European move

Mobile payments firm Square is finally gearing up to launch in Europe after incorporating a business, called Squareup Europe Ltd, in the UK, according to Reuters.

Jack Dorsey's company launched its mPOS service in the US back in 2009 and has since branched out into Canada, Japan and Australia but until now it has steered clear of Chip and PIN-friendly Europe, leaving the way clear for local clones such as iZettle and SumUp.

However, registration documents dug up by Reuters show that the new Squareup Europe subsidiary now has the right to provide payment services such as transactions in the UK. Square began beta testing in London last month, says Reuters, and the firm has also added former commercial secretary to the treasury Paul Deighton to its board of directors.

The company also has a 'passport' that lets it provide services in other EU member states, although this could be threatened by Britain's recent Brexit vote.

Comments: (1)

A Finextra member
A Finextra member 20 July, 2016, 11:571 like 1 like

They also registered  in Ireland last month, company N.O. 583287  http://www.cro.ie

so got the brexit covered ;)

Residing at the usual address  http://www.broadsheet.ie/tag/70-sir-john-rogersons-quay/