FinAi News

No products in the cart.

Subscribe
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
Log In
No Result
View All Result
  • Banking
  • Lending
  • Payments
  • Risk & Security
  • Strategy
FinAi News
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
BAN PLUS
Log In
No Result
View All Result
FinAi News
No Result
View All Result

Square Enters Its First European Market: U.K.

Grace NotobyGrace Noto
March 28, 2017
in Banking, Payments
Reading Time: 2 mins read
0
Share on Facebook

Square has finally arrived in Europe.

The payments company has just expanded its services to the United Kingdom, according to a statement released today. The U.K. became the fifth market where Square’s services are now available, in addition to the U.S., Canada, Japan, and Australia.

Square’s U.K. launch was held in a Soho bar in London, which (naturally) operates on Square’s network. The expansion of the company marks Square’s first reach to a cash-light European market (albeit a post-Brexit European market).

The company, captained by Jack Dorsey—also the CEO of Twitter—has recently celebrated its first year as a public company, with a net revenue of $452 million for 2016, according to its fourth quarter letter to shareholders.

The addition of U.K. small businesses to Square’s payments network is sure to swell this number, especially as more and more consumers lean to digital methods of payment.

The average adult consumer in the U.K. now carries less than £25 in cash, $30 U.S., give or take, Square said in a release. U.K. consumers have also been much quicker to adopt alternative payment methods, like NFC payments, than those across the pond in North America. As of December 2016, there were 102 million contactless cards issued in the U.K., a 25% increase from the prior year, according to data from The UK Cards Association.

However, according to Square, about 5 million of SMEs in the U.K. still don’t accept card payments.

The advantage of Square’s payment network, especially for small businesses, is both the low cost and the reach—U.K. sellers on the network can use Square to accept card payments, both online and at the point-of-sale, for a flat fee, in addition to the £40 card reader.

Sarah Harvey, Square U.K. country manager, said in the release:

Our simple hardware, transparent pricing and our suite of business tools make it easy and cost-effective for you to accept cards and manage your payments, and for your customers to pay with their card. We’re excited to be here in the UK and can’t wait to help businesses get started with Square.

Tags: cash lightcashlessExclusiveexpansionMobile Paymentsonline paymentspaymentssmall businessesSMBsSquare
Previous Post

Viewpost Expands SME Network With Visa Partnership

Next Post

5 Fintechs to Watch: APIs, Robos, and More

Related Posts

friction
Banking

Citizens’ top AI adopters report 30% boost in coding productivity

June 22, 2026
The outside of Truist's headquarters, Charlotte
Banking

Truist’s patents up 41% YoY, AI adds to the portfolio

June 22, 2026
The Revolut Ltd. headquarters in Canary Wharf, London, UK, on Tuesday, Dec. 2, 2025. Measures in the UK budget to attract more companies to the London Stock Exchange will help the bourse compete against the Nasdaq for financial technology listings, the chair of challenger bank Revolut Ltd. said. Photographer: Chris Ratcliffe/Bloomberg
Banking

Revolut eyes South Africa launch by 2028 as waitlist nears 100,000

June 22, 2026
Next Post

5 Fintechs to Watch: APIs, Robos, and More

Please login to join discussion

Stay Informed with Our Newsletters

EMERGING FINTECH DIRECTORY

Emerging Fintech Directory

The Buzz Podcast

SPONSORED

How AI and Product Experts Turn Fuzzy Requirements Into Focused Dev-ready Roadmaps

April 19, 2026

Is Your Technology Supplier There for You?

April 1, 2026

Hiding in Plain Sight: How to Use Data to Spot Consumer Accounts Being Used by Small Businesses

November 10, 2025

  • About Us
  • Help Center
  • Contact Us
  • Privacy Terms
  • ADA Compliance
  • Advertise

 [wt_cli_manage_consent]

Connect

twitter linkedin podcast podcast podcast
© 2026 Royal Media
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Create a free account, or log in.

Gain access to read this article, plus limited free content.

Yes! I would like to receive new content and updates.

Upgrade your subscription

Get full access to all content.
Upgrade Now
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account