Square is a quickly emerging company that aims to allow a typical individual to accept card payments on her iPhone. A company in China is developing a Square-type of mobile card accepting device in China, according to reports:
Development of mobile payment platform iBOXpay is underway in Shenzhen — and it looks a lot like Jack Dorsey’s latest project.
Mobile payment platform iBOXpay doesn’t appear to be available yet, but its website is up and running and development of the system is underway. And, what do you know, it looks a lot like Square, the Jack Dorsey-led project that promises to revolutionize the way we use credit cards.
Click here for recent PaymentsJournal coverage of Square.
Read more here: http://www.theatlantic.com/technolog…opycat/240179/