LED BY SQUARE, COMPETITORS ARE POPPING UP EVERYWHERE
There’s a quiet revolution under way in how we pay for goods and services, one that brings the cashless society a lot closer than ever.
It is the tiny card readers now available to businesses that attach to a smartphone, iPad or tablet computer and, in a jiffy, process payments over a wireless connection to the internet.
There is a growing number of companies selling mobile payments system, but the leader is Square, a start-up founded by Jack Dorsey who made his fortune as a founder of Twitter.
Whoever comes out on top this will be a major innovation in commerce. It is already being adopted by millions, and moves us all one more step along the path to a totally cashless society.
Get In the (K)now … here, now
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