Square posts job openings signaling European expansion

Thu Aug 18, 2016 8:17pm EDT
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By Heather Somerville

SAN FRANCISCO Aug 18 (Reuters) - U.S. mobile payments company Square Inc posted three new job openings in Europe on Thursday, signaling it is moving closer to ramping up operations in the region through an initial venture in Britain.

San Francisco-based Square, which makes a card reader that turns a mobile phone into a payment terminal, hopes to seize on the region's growth of small businesses that are quickly adopting new technology.

Square posted three openings on the job board Indeed.com. It is seeking a compliance analyst and communications manager, both based in London, and a technical customer support representative, based in Dublin.

A Square spokeswoman declined to comment on the job postings.

Square began beta testing of its payments system in London in June to prepare for an initial launch in Britain, Reuters reported last month. The company incorporated a business called Squareup Europe Ltd in Britain, where its payments processing technology is already being used by merchants.

"We do view it as a very interesting market," Chief Executive Jack Dorsey said on a recent call with investors when asked about the UK.

Previously, Square's payments service had only been available in the United States, Canada, Japan and Australia.

The position in Dublin indicates that Square has its sights set beyond the UK. Dublin has a high density of tech talent -- companies including Alphabet Inc's Google and software analytics company New Relic have offices there -- making it appealing for a business like Square, according to a person familiar with the company's thinking.   Continued...