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Jack Dorsey's payments company Block expands corporate card service to the UK - TL;DR CNBC

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: CNWG-GBAXPLLOY-GB

Keywords: technologybusiness newsamerican express cobreaking news: technologylondonnatwest group plclloyds banking group plccitigroup incbreaking news: marketsbanksjack dorseymarketsfintech

Source: https://www.cnbc.com/2024/10/31/jack-dorseys-block-expands-square-card-service-to-the-uk.html


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