Square gets an investment from rivals VISA!
Square is turning into a pretty hot property in the market.
VISA has just announced that they have invested in this company which is increasingly becoming a rival of their own payment platforms.
The company however claims that Square is not a rival: “On the contrary, we believe that Square helps to drive acceptance of payment cards in a segment that has been historically underserved.”
Square is aimed at individuals and small businesses who want to accept payments through credit cards without taking the headache of dealing with a payment processor. Square makes it ultra-easy for them by providing a mini gadget that attaches to an iPhone or an iPad.