Square has announced that they are expanding their mobile payments service outside of the US, and the first country where Square will be available in will be Japan, and they have partnered with SMCC, the company who introduced Visa to Japan.
Business’s in Japan will be able to take payments using the Square system, and they will be charged a feed of 3.25 percent per transaction, although square will have quite a bit of competition in japan from established players like KDDI and JTT DoCoMo who already offer similar systems.
“I am honored to introduce Square to a country with a rich history of design, innovation and tradition. Square shares the same values and attention to detail in our products,” said Square CEO and co-founder Jack Dorsey.
It will be interested to see if square becomes popular is Japan and whether they will be able to have similar success as they have had in the US.
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