Jack Dorsey's payments company Block expands corporate card service to the UK
Publishing timestamp: 2024-10-31 02:48:09
Summary
Square, owned by Jack Dorsey, has launched its corporate card service in the U.K. to compete with big incumbents like American Express. The Square Card product is now available in the U.S., Canada, and the U.K., offering free business spending cards to merchants for faster access to funds. The move comes as the U.K. government increases Capital Gains Tax rates, causing concern among technology entrepreneurs.
Sentiment: NEUTRAL
Tickers: C, NWG-GB, AXP, LLOY-GB,
Keywords: technology, business news, american express co, breaking news: technology, london, natwest group plc, lloyds banking group plc, citigroup inc, breaking news: markets, banks, jack dorsey, markets, fintech,
Source: https://www.cnbc.com/2024/10/31/jack-dorseys-block-expands-square-card-service-to-the-uk.html