Square has revolutionized POS in the United States. Now he’s arrived in Spain to try to repeat the success

Since late last year we have known that Square, one of the major exponents of the financial and payments sector (online and physical) in the United States, is preparing to land in Spain. After several months in the testing phase, the arrival has materialized: Boxes are now available at our borders and presents strong competitors in the national sales software sector.

Square is a division of Block, the Jack Dorsey company formerly known as Square, which the CEO changed his name after leaving the social network. What the company offers to companies and entrepreneurs include: payment solutions, POS terminals and even virtual shops.

New competitors in the world of finance

According to the company itself, currently there are two million businesses use Square’s technology and equipment. The company specializes in POS terminals, which led to its success, although over time it has developed different business solutions, such as platforms for creating online stores and websites, invoicing, virtual terminals, and even applications for taking product photos. .

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This is a company that offer complete package: from online payment solutions to different devices for physical payments, such as Square Terminal, Square Register, and Square Reader, all systems for paying by card wirelessly or by chip.

In short, the key to Square’s services is all the tools integrated with each other, which allows you to have everything related to payments, inventory, invoices, appointments and other services in one platform.

Spain is the third country where Square will officially land in 2021 (at least as a beta, it hasn’t officially launched as of yet). Currently present in Australia, Canada, United States, France, Ireland, Japan, Norway and the United Kingdom. Entering Europe has a reason, because The SME ecosystem is wide (99% of business computing, according to Square) and Square is a company that focuses on this type of business.

More information | Box

Matt Thompson

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