Square Push Bluetooth payment function

Summary: This month, Apple mobile payment products will be opened in the United States, which makes the global mobile payment industry, plunged into an unprecedented high tension. Recently, many mobile payment vendors began to upgrade their products. A few days ago, the mobile payment company Square announced that it would launch the use of smart hands

This month, Apple mobile payment products will be opened in the United States, which makes the global mobile payment industry, plunged into an unprecedented high tension. Recently, many mobile payment vendors began to upgrade their products. Recently, the mobile payment company Square announced that it will launch the use of smart phone Bluetooth communications, to the surrounding friends for fast transfer live remittance function.

The company's mobile payment product is called "Square Cash". It is said that the Bluetooth payment function will first be launched in the Apple iOS version of the client, the Android version will be launched later.

With this feature, when friends are gathered, users can use the payment client to discover partners who want to make payment transactions, and to quickly carry out personal and personal transfer functions within the client.

The company said the use of Bluetooth to pay the function, in some cases will be very convenient. After a meal, for example, you can pay directly at the table without having to add the email address of the payment object as in the past.

Square's mobile payment service, the first to support the payment by email to friends. Subsequently, its clients gradually improved the payment function, and now can even support users to pay through SMS.

It should be noted that in the so-called "Bluetooth payment", the real payment process is still done through the client and the Internet backstage, just looking for the payment object, as well as the process of expressing the desire to pay, through Bluetooth communication to complete.

Previously, similar products and features were seen in the mobile payment market, but square further simplified the payment process and the user interface. Another payment tool, can, also provides a friend transfer function, but after several payments, the user is alerted to the pickup.

In the mobile payment market, friends between personal and personal payment business is also a huge market. A few days ago, American hackers, through code hacking, provided the mobile payment function that Facebook, the social networking site, is developing. It is reported that Facebook's mobile payment will be integrated into its mobile chat tool, in the early days of the launch, will first support to chat friends for one-on-one fast payment.

In addition, there is also news that, after reading the burning features of mobile social tools Snapchat, is also developing friends of mobile payment services.

Clearly, Facebook, Apple and other internet giants into the mobile payment market, the industry is increasingly competitive. Paypay,square,stripe, Amazon, Google (Weibo) wallet and so on have the first advantage of the manufacturers, is quickly improve the product, as far as possible to improve the convenience, to avoid the upcoming Apple payment to poach their own users.

For example, in square's Bluetooth payment function, users do not even have to enter the name of the other party, enter the payment amount directly, click on the user's icon to complete the payment.

Just a few days ago, the Wall Street Journal reported that Square had won a venture capital of up to $150 million trillion, and that the agency was an investment company affiliated with the Singapore government. In this round of financing, the company's valuation also reached 6 billion U.S. dollars.

Overall, in the U.S. and the global mobile payment market, Square has a smaller volume, compared with Google, Amazon, PayPal and other pay vendors at a disadvantage. It is worth paying attention to whether Apple's payment will be disastrous for a large number of second-tier mobile-payment vendors. Morning）