Square It is already available in Spain. The fintech founded by Jack Dorsey, one of the co-founders of Twitter and its CEO until very recently, has completed its testing phase in Spanish territory and from this Tuesday, January 25, it offers all its services to the business fabric: software, hardware and payment solutions.
Dorsey’s company, which is a division of Block, has been a huge success in the US with two million businesses using Square’s services. Square’s growth is due to its ecosystem of solutions for entrepreneurs. The fintech offers, among other services, the possibility of creating an online store, managing inventory or employees and POS terminals, which is the system that allows you to comprehensively manage the sales of an establishment.
Wide range of payment solutions
The objective of the American company is that Spanish SMEs can save time and money as well as streamline their logistics chain with “fair, transparent and surprise-free” rates. In other words: give a little push towards productivity thanks to its wide range of solutions.
Of the entire Square catalogue, the main protagonists are its three types of POS terminals, which are available both in physical and digital stores:
- Square Register, the company’s flagship, is a powerful POS with touch screen, software and integrated payment system.
- Square Terminal, is an all-in-one dataphone that allows you to manage inventory, accept payments and print receipts.
- Square Reader, is a portable dataphone to accept payments from anywhere with contactless cards, chip cards and payments with Apple Pay and Google Pay.
To these three products are added the TPV Square, the square for restaurants, the Citas Square, e-commerce solutions and online payments as well as the platform Square Online Sales. In addition, Square also provides all kinds of software to manage employees, orders and common tools in businesses such as PrestaShop, WooCommerce, Wix, Ecwid, Notebook, CommerceSync The Deliverect.
A country that tends to digital payments
Spain is the fourth European country in which Square offers its services, and the ninth in the world, after having landed in the United Kingdom, Ireland and France. “We have been disembarking in Europe for some time in countries like France, and it is now that it is Spain’s turn. We believe that it is a country with great potential due to its level of digitization and its business fabric,” explained Jason Lalor, executive director of Square for Europe.
The level of integration gives us something unique and different
From the company they hope that the arrival in Spain will be a success since the business fabric is on the path of digitization in terms of payments: “Before the pandemic, 87% were analog payments and currently this data is around 54%”.
“Businesses in Spain want an integrated system so they don’t waste time, and that’s what we offer. That level of integration gives us something unique and different,” Lalor said about the difference between Square and competing companies .
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Jack Dorsey’s digital payment company arrives in Spain