Square Expands Mobile Payments Service to Canada
Square is now an international business.
Square announced Wednesday that its mobile payments service is now available to anyone in Canada. This marks the first time Square has expanded its service beyond the United States.
Retailers and individuals in Canada will now be able to process transactions using Square’s free mobile card reader on their iOS and Android devices for a transaction rate of 2.75% — the same rate Square offers in the U.S.
The company, which was co-founded by Twitter Co-founder Jack Dorsey in 2009, first revealed its plans for international expansion after closing a $200 million fundraising round last month.
Square is also expanding its operations at home. Earlier this week, the company announced that it is planning to move into a new larger office space in San Francisco by mid-2013 to accommodate its fast-growing staff.
October 24, 2012