Square Keeps on Growing Payments Volume

Payments
Square Keeps on Growing Payments Volume
Payment Facilitator Mobile Business Compliance Security Payments Industry
Square Keeps on Growing Payments Volume
Leading payment facilitator Square released its quarterly financials on Wednesday, reporting $462 million in revenue, a 22% increase year over year.

The company also reported that it processed $13.6 billion in payments volume, down slightly from $13.7 billion last quarter, but in line with normal seasonal trends, the company said. That number is up 33% over first quarter last year.

“That’s staggering growth for a company that was at zero just eight years ago,” Rick Oglesby, Double Diamond Group partner and principal of AZ Payments Group, told PaymentFacilitator.com.

Leave a Reply

Your email address will not be published. Required fields are marked *