European rival to PayPal and Square makes $317 million acquisition to expand in the U.S.

Square. As the start-up plots an expansion in the U.S., rivalry with those big players is set to intensify. But SumUp thinks there's enough room for a number of different companies to co-exist.

Helms said the U.S. market has seen a shift in spending patterns during the coronavirus pandemic, with payment options like non-physical transactions, invoicing and payment links seeing increased growth.

Thank you！

I don’t think anybody is interested in the USofA to set up another CashApp or Venmo account. That pool seems crowded. PoS is straight at this point too. FinTech

thanks

mtbarnet72

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