Square thinks outside the box in Australia
Big investments in chip and PIN cards and tap-and-go payment terminals by Australia’s dominant banks and supermarkets has slowed the advance of Jack Dorsey-led payment upstart Square, but it claims it has found another chink in their armour.Square has had an office in Australia since May – its fourth country after the US, Japan and Canada, since it was started by Twitter co-founder Dorsey in 2009. Australian companies have been able to use beta versions of its free apps for years, but Square – which is rumoured to be heading for a listing in the US – announced its second product offer in Australia, a “digital dashboard” for small business, last Wednesday.
