Square yesterday announced a new Square Reader, designed to work with contactless payment services such as Apple Pay, as well as "chip and PIN" EMV cards. The new contactless Square Reader can be reserved from today for $49.
The new contactless Square Reader is a pocket sized square puck (naturally), which can be used wirelessly with the Square app on an iOS or Android device. For customers with an EMV card, there's also a slot on one of the sides of the the new Square Reader to insert the card's chip into the device.
For now at least, Square's mobile payment processing for small businesses is limited to the United States, Canada and Japan. The launch of this new contactless Square Reader may help boost Square's international expansion efforts, particularly in countries such as the UK and Australia, where EMV cards are more widely adopted.