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Square (SQ) Partners STATION F, Expands Presence in France

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Square (SQ - Free Report) has joined forces with STATION F in France in a bid to expand its reach to entrepreneurs in the country.

Square will offer insights to STATION F’s start-up community, and provide various expertise and services including payment solutions to the businessmen of the country.

In addition, French developers can avail Square’s suite of developer tools, Application Programming Interfaces (APIs), and Software Development Kits (SDKs) like Payment APIs, POS API, Web Payments SDK, Customers and Team APIs, to name a few.

With the help of these tools, developers can build customized applications based on their business needs. They can also develop commerce applications and publish them on the Square App Marketplace, which will enhance Square offerings.

This is likely to drive Square’s momentum across entrepreneurs in France. This in turn will strengthen the company’s business in the country.

Additionally, the latest move has expanded Square’s global footprint, which will help it in further winning investors’ confidence.

It is to be noted that Square has returned 15.8% on a year-to-date basis against the industry’s decline of 4.8%.

Zacks Investment ResearchImage Source: Zacks Investment Research

Global Expansion Aids Prospects

In addition to the latest move, Square recently introduced integrated omni-channel solutions in France and Ireland to help merchants seamlessly run business operations amid the coronavirus pandemic.

Further, the company rolled out the Early Access Program in Spain, France and Ireland. With the help of this program, Square offers an integrated set of omni-channel tools to businesses for seamlessly selling their products and services.

The company also rolled out Square for Restaurants in Canada in a bid to help restaurant owners run their businesses smoothly amid the pandemic.

The company launched Square Invoices Plus in the United States, United Kingdom, Canada, Ireland, Japan, and Australia to help businesses organize their invoicing requirements, get faster payments as well as gain more customers.

What’s more, it made its Kitchen Display Software available to all kinds of restaurants in the United States, United Kingdom, Canada, Australia and Ireland. The Software helps restaurants to keep track of online ordering and delivery partners.

Zacks Rank & Other Stocks to Consider

Currently, Square carries a Zacks Rank #1 (Strong Buy).

Other top-ranked stocks in the broader technology sector include salesforce.com (CRM - Free Report) , Jabil (JBL - Free Report) and Applied Materials (AMAT - Free Report) , each carrying a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Long-term earnings growth rates for salesforce.com, Jabil, and Applied Materials are currently projected at 16.8%, 12%, and 19.4%, respectively.


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Square, Inc. (SQ) - free report >>