Culture, Media, Tech

PayPal Targeting Square With New Mobile Payment Feature

PayPal is expected to announce Thursday their competitor to Square’s mobile payment gadget that lets business owners process credit card payments via their smartphones. PayPal’s product will reportedly be triangle-shaped to distinguish itself from the established Square.

Square, run by Twitter co-founder Jack Dorsey, recently added its 1 millionth small business customer and is now processing $4 billion worth of payments. This shows how hot the market currently is for small business-based mobile payment solutions. It should be interesting to see how much of the expanding market PayPal can penetrate.

via Mashable