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Best known for its square, “pint-size” credit card reader for smartphones, Square’s number of users doubled to roughly two million in the first half of 2012 and it is currently processing $6 billion in transactions a year. The company also rolled out its Square Register, an app for small businesses to use iPads as credit card registers, and Pay With Square, an app for consumers to open “tabs” with vendors for in-store shopping by linking in their credit card accounts.
Square does have competition however, with so many other players out there also introducing new mobile payments products. Read up on the growing market for these technologies and see what’s working for Square.