Square Launches Business Banking, Savings Products | In the News

Banking will allow Square to strengthen client relationships as it targets sellers who use the company’s payment devices and inventory-management products, analysts said.

Ronak Doshi, vice president at research and advisory firm Everest Group, said Square’s foray into checking and savings accounts makes sense as a way to lower the cost of customer acquisition and drive higher customer lifetime value.

Read more in Payments Dive

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