The global mobile payments company, Square, will open its Australian headquarters in Melbourne, which will be its fourth global base after the United States, Canada and Japan.
The announcement is a major win for the vibrant and diverse Victorian tech industry, reaffirming its reputation as Australia's technology leaders.
Started by Twitter co-founder, Jack Dorsey, Square is a global payments technology company that has revolutionised commerce for small to medium enterprises (SMEs) with its innovative credit card payment reader and free point-of-sale app.
The Square Register App is already in high demand in Australia, following its release in November 2014. The unique app takes care of digital receipts, recording cash, card and cheque transactions, inventory and sales reports all in one place. This provides SMEs in Victoria with valuable analytics and feedback, which allows them more time to focus on customers.
"We are thrilled to open our local office in Melbourne, with its growing reputation as Australia's technology hub," said Ben Pfisterer, Square's Australian Country Manager.
"Leveraging our knowledge of the local market, and the growth of Square around the world, we are looking forward to deploying an exciting product roadmap in the future that will help to make commerce easier for Australian small business owners."
Melbourne is Australia's technology hub and is home to more than half of Australia's top 20 technology companies. Victoria's ICT industry has over 8000 companies, and it employs 91,300 people directly. The ICT industry workforce underpins innovation and competitiveness across Victoria's economy and accounts for approximately 31 per cent of Australia's ICT workforce.