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Block Inc (XYZ) delivers innovative payment solutions for merchants and consumers through its Cash App platform. This news hub provides investors and industry observers with official updates on the company’s strategic initiatives, financial performance, and technology developments.
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Square (NYSE:XYZ) has launched Square Handheld, its most powerful portable point-of-sale device, in the UK market. The pocket-friendly device weighs 0.31 kgs and is only 1.5 cm thick, designed specifically for food and beverage businesses.
The device comes with significant features including water-splash resistance, all-day battery life, Wi-Fi and offline payment capabilities, and an integrated barcode scanner. Square is also introducing a new unified Square Point of Sale app that combines features from Square for Restaurants, Retail, and Appointments into a single hub.
Additional innovations include Item Splitting for bill management, Scan to Pay QR codes, Multichannel menu management, and integration with ResDiary for table reservations. Research shows that when UK restaurants implement new technology, they see improvements in staff feedback (74%), error reduction (68%), and greater efficiency (52%).
Square (XYZ) has announced an exclusive three-year partnership with Live Nation Canada as their point of sale and payment processing provider. The partnership, which builds on their successful collaboration since 2022, will expand to the new Rogers Stadium on June 29, 2025.
Square's technology ecosystem will include Square Register, Square Terminal, and the new Square Handheld devices across multiple venues and festivals. The partnership encompasses major venues like Budweiser Stage, HISTORY, and various music halls across Canada, along with festivals such as Veld Music Festival and Electric Island.
The implementation includes in-seat ordering capabilities at Budweiser Stage's premium suite section through Square Online's eCommerce platform.
Cash App Afterpay has announced a significant expansion of its merchant network, adding notable brands including StitchFix, Mejuri, PetMeds, Aviator Nation, Brandon Blackwood, and others. The expansion comes as 63% of Gen Z are shifting away from traditional credit cards to Buy Now, Pay Later (BNPL) solutions due to concerns over hidden fees and high interest rates.
According to Block's Q4 2024 data, 98% of Afterpay purchases had no late fees, and 95% of installments were paid on time. The expansion covers various categories including lifestyle, home, experiences, wellness, and fashion, aiming to provide consumers with more flexible payment options during economic uncertainty.
Square has launched Square Releases, a new biannual product launch initiative that bundles new features and tools for businesses. The centerpiece is the new Square Handheld, a powerful portable point-of-sale device featuring a 6.2" Gorilla Glass touchscreen, barcode scanner, camera, and all-day battery life.
The company introduced a unified Square Point of Sale software with seven industry-specific modes, alongside targeted innovations for different sectors: Food & Beverage (bar tab preauthorization, fractional splitting), Retail (improved inventory management), Services (invoicing up to $1M), and Health & Beauty (automated wait lists, commission tracking).
Square also announced enhanced partnerships, including becoming a preferred POS partner with WooCommerce, and deeper integrations with DoorDash and Uber Eats. New Square sellers will now automatically receive Square Checking accounts, streamlining their banking experience.