Square partners with Starbucks, gets $25M in funding, major distribution deal
Mobile payments processor Square has announced a new partnership with Starbucks that will see the company take on responsibility for processing all credit and debit card transactions at corporate-owned Starbucks in the U.S.
Starting this fall, consumers will now be able to pay with the Square mobile app at more than 7,000 Starbucks locations. Additionally, Starbucks is also investing $25 million into Square’s Series D round and Starbuck’s CEO Howard Schultz will join Square’s board of directors.
Although
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in