Friday, 12 February 2016
According to documents viewed by The Wall Street Journal, Visa has taken a 10 percent stake in Square. Square recently launched its NFC-ready card reader, that accepts both chip cards and mobile payment solutions like Apple Pay. Visa just opened up its developer program, which lets anyone work payment solutions into their apps. It’s likely just a means for Visa to have a stake in a rival company, but Square is a publicly traded company. If Visa wanted to aggressively buy stock and take a more controlling interest, there’s nothing stopping them. It may even prove beneficial to Square. Though its…
This story continues at The Next Web
