Fintech Firm Square Announces Launch in Spain After Successful Early Access Program

Block (formerly Square) (NYSE: SQ), the firm specializing in software, payments, and hardware solutions for businesses of all sizes, has announced its arrival in Spain following a successful Early Access Program.

Beginning on January 25, 2022, Spanish entrepreneurs, freelancers and business owners will be able to “use Square‘s ecosystem of tools; the only end-to-end solution of its kind in the country.”

Miguel Gil, owner of Hop Hop Hurrah, one of the first businesses to use Square’s products in Spain, stated:

“We’ve been trialing Square’s suite of products both in-store and online and we love it. Having a point-of-sale system with integrated payments and omnichannel solutions has transformed the way we’re able to run our business, making it an easy and seamless process. We’re pleased we were able to switch to Square and feel much more confident in our ability to grow, ensuring we never miss a sale, as we look towards the future.”

Square is part of Block, Inc. a tech firm focused on financial services, established in 2009 with head offices in San Francisco. Square is present in nine countries, with Spain being the fourth European nation and the first launched this year, after going live in Ireland and France last year and the UK in 2017.

Square says that it aims to help business owners in a nation where SMEs account for around 99% of ventures, so that they can easily sell their products and services, “both in physical shops and online, as their needs evolve.” Square will also be “rolling out support in Catalan over the coming months,” the update confirmed.

Alyssa Henry, Head of Square, remarked:

“We are thrilled to expand Square’s solutions into Spain, helping merchants to run their entire business end-to-end with integrated software, hardware and data analytics, while making it easy for them to take card payments. Spanish businesses of all types and sizes will now be able to use our integrated ecosystem of products and services to grow, adapt, and run their businesses.”

Xiana Méndez, Secretary of State for Trade added:

“For a quick economic recovery, SMEs and fintech industry must go hand in hand. SMEs must evolve at the same speed as the market and thanks to fintech they can do so in an easy, swift and convenient way. The technology provided by these technological financial firms guarantees them innovative solutions in terms of payment management that can be decisive in supporting their growth. In Spain, Square will find a very thriving market.”

For more details on this update, check here.



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