Square Opens Up in Japan, Its First Expansion Outside of North America
Japan, say hello to Square. The mobile payments platform has just announced that it is now available in your country.
Square is available in Japan with the support and partnership of Sumitomo Mitsui Card Corporation (SMCC). Responsible for introducing Visa to Japan, SMCC is widely recognized and respected for its ability to provide a wide range of solutions, including a comprehensive and highly secure credit card and payment solution.
This marks the first international expansion for Square outside of North America, where they service over 4 million individuals and businesses. Square says that they are now processing over $15 billion in payments annually.
And like in North America, Square will take a 3.25% cut of transactions in Japan.
Here’s what Square co-founder and CEO, Twitter’s Jack Dorsey, had to say about the move:
“I am honored to introduce Square to a country with a rich history of design, innovation and tradition. Square shares the same values and attention to detail in our products. Our tools are made to enable business owners to create a delightful, seamless experience for their customers. I look forward to Square assisting in Japan’s continued economic growth and entrepreneurship opportunities.”
Also, he’s been Vining the news:
— Jack Dorsey (@jack) May 23, 2013
You can check out Square Japan here.