Square +5.5% after rolling out feature that adds Square to apps

|By:, SA News Editor

Square (NYSE:SQ) jumps 5.5% after introducing a feature that will allow developers and sellers to process payments with Square within their consumer-facing mobile apps.

The Square In-App Payments Software Development Kit allows developers to build a Square-powered payments flow in their Android or iOS apps, and puts the company into more direct competition with Stripe (STRIP) and PayPal (PYPL +1.5%).

With Square installed in a merchant's app, customers can pay with credit or debit cards and digital wallets such as Apple Pay and Google Pay; they can choose to save their credit card information for future purchases.

Previously: Square again looking to start a bank (Dec. 19, 2018)

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