Job Listings Hint at Square Expansion Plans in U.K., Beyond
Square Inc. could be moving closer to its long-expected expansion into Europe. The San Francisco-based mobile payments company posted three openings for positions in the U.K. and Ireland on jobs board Indeed.com. The openings were for a compliance analyst and communications manager, both based in London, and a technical customer support rep, in Dublin.
The listings are the latest clue that Square is finally ready to move into Europe, where it would face competition in mobile payments acceptance from the likes of Germany’s SumUp, Sweden-based iZettle and PayPal, among others. In July, Square Register, the company’s POS app, started to accept payments in British pounds within the U.K.—where the service already is being used by some merchants. The company also has incorporated a unit called Square Europe Ltd. in the U.K., and there is an empty Twitter account named @SquareUK that was created in June, joining a dedicated U.K. Website with screenshots showing payments in pounds sterling. And in May, Square added Paul Deighton to its board of directors. Deighton, a member of the British Parliament, served as the U.K.’s commercial secretary to the Treasury until last year.
The announcement for a rep in Dublin could indicate that the company plans to expand in Europe beyond the U.K. Square currently is officially live in the U.S., Canada, Japan and Australia. Earlier this month, the company reported a 41.5 percent increase in revenue for the second quarter, along with a 42 percent jump in payments processed over its systems.