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block launches corporate card service in the uk to challenge incumbents

Block, owned by Jack Dorsey, has launched its Square Card corporate service in the U.K., marking its first expansion outside North America. The free business spending card aims to provide faster access to funds for merchants, competing with major players like American Express and local banks. Square's investment comes amid concerns over U.K. taxation changes that could impact tech talent retention.
CNBC
British Pound Sterling Lloyds Aerospace Ltd. Square 1 Bank Citigroup Inc. NatWest Group plc American Express Company GBR CAN USA Samina Hussain-Letch Jack Dorsey Rachel Reeves Show more
Finance & Economy, News Article
07:48 31.10.2024
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