Yesterday was a pretty big day for Square, with the mobile payments startup managing to reach the milestone of processing more than $1 million in payments per day. It was also featured in Apple’s 2010: Year of the iPad video that was played at its iPad 2 event yesterday (you can stream or download the keynote if you missed it, Square is featured 11 minutes in).
The startup has processed a steady increase in payment transactions since last fall when the figure was a couple of million dollars per week. In January, Kevin Rabois, the chief operating officer of Square, said that they expected to process $40 million in transactions in Q1 2011. Also compared to last fall the company is also adding 100,000 new merchants per month as opposed to 30,000.








