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By Nesh Pillay, Reporter

March 13, 2015 | 1 min read

Square, mobile payment company, has acquired Kili Technology, a company that focusses on streamlining payment processing practices, according to Let’s Talk Payments.

Since first launching its Square Reader, a small device that lets users accept credit card payments via mobile, Square has been searching to continuously update its payment technologies.

While Square already offers a chip reader (above), the Kili acquisition would allow the company to begin experimenting with near field communication (NFC) payments – much like Apple Pay.

While payment technology has become a very competitive arena, Square has claimed it can compete with larger companies by being accessible to nine million businesses of multiple sizes; from lemonade stands and flea markets, to cafes and restaurants.

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