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News in brief

Square exits mobile wallet business

News in brief

US mobile payments provider Square is pulling out of the consumer mobile wallet business and its Square Wallet app is no longer available to new customers to download. “Square Wallet provided a very magical experience but didn’t have a lot of the utility value,” Square’s Ajit Varma has told Recode. The company continues to serve merchants, however, and has launched a new click and collect service called Square Order that lets customers place orders with small merchants for collection at a later date or time.

Filed by Email Sarah Clark nfcworld.com Published • Last updated 13 May 2014, 17:33

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