Square has received more than 350,000 pre-orders for its contactless chip reader, CEO Jack Dorsey revealed during the company’s fourth quarter earnings call. “We’re seeing a huge demand for the reader and we’re taking full advantage of the shift to chip cards and contactless,” Dorsey said. “We want to be able to associate our logo with the ability to pay with your phone. We’re betting big on NFC.” Square began rolling out its contactless readers in November 2015.
- Uber to let customers use Venmo to share costs with friends
- Seoul moves forward with plans for its own S-Pay payments system
- NXP supplies contactless and NFC chips for World Cup tickets and match balls
- Grab unveils plan to turn its mobile wallet into a platform
- WeChat Pay ‘will not seek to offer more local payment wallets’