Please ensure Javascript is enabled for purposes of website accessibility

Instant Analysis: Square Launches in Australia

By Evan Niu, CFA – Mar 8, 2016 at 1:15PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The processor of mobile payments goes Down Under as it slowly expands its international operations.

Image source: Square.

What happened?
Mobile payment processor Square (SQ -0.84%) has announced that it is now available in Australia, including its popular hardware dongles as well as its suite of payment services for sellers. Square is partnering with Cuscal, a local transactional banking services company.

Does it matter?
Square is fairly young in the grand scheme of payment processing, and the company continues to expand its international presence. Australia will be Square's fourth market, after the U.S., Canada, and Japan.

But Square's international businesses are quite small currently, according to the company's prospectus ahead of its IPO last year. International revenue for the nine months ending Sept. 30, 2015 totaled $29.6 million, or just 3% of total revenue. Square will face stiff competition as it seeks to grow its presence in new markets, including from larger U.S.-based companies as well as local players.

Square's first quarterly earnings release as a public company is tomorrow after market close.

Evan Niu, CFA has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Block, Inc. Stock Quote
Block, Inc.
SQ
$63.38 (-0.84%) $0.54

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
356%
 
S&P 500 Returns
118%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 11/27/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.