Square’s in the Race for the $10.3 Billion Payroll Service Market
Last month, Square (SQ) released a mobile version of its payroll software, marking an escalation in its push for revenue in the payroll service market. The mobile-oriented payroll tool, known as Square Payroll App, brings the power of Square’s flagship payroll suite to mobile. Worldwide, businesses spent $6.7 billion on cloud-based payroll services like Square provides in 2016, according to Allied Market Research.