Square aims to become 'a global company' says Twitter founder Jack Dorsey with plans to grow beyond US and Japan
Twitter co-founder Jack Dorsey has confirmed the company’s intention to expand his mobile payment device Square further having last week expanded outside of the US for the first time.
In an interview with The Sunday Telegraph, Dorsey confirmed that the mobile credit card reader, which last week announced its first expansion outside of North America as it moves into Japan, would be rolled out further around the world “very soon”.
Said Dorsey: “We’ve driven a lot of growth in the United States, but we’re really excited to get outside the United States.”
Later in the interview he explained the ambition of the app to replace wallets altogether: “I want to be able to walk into a restaurant, have a great conversation, a great meal and get up and walk away when I’m ready. For a number of people that have house accounts that world already exists, and it allows the restaurant or me to focus on what’s most relevant – more tables or having a better time. We can make all the inconvenient stuff around that disappear. People get to choose where they spend their time.”
Starbucks is already using the service in the US and is now seeking a “great bank partner.”
Dorsey continued: “We’re finding more and more that what we do is universal – we have the ability to build one product for the world, although we do need to tailor it for the market.”
Dorsey last week also revealed the Square Stand, a point-of-sale payment device that will attempt to replace the cash register all together in the future.