Is this how you would like to pay for your taxi ride? Investment wise these days Radio taxi’s have to buy a card reader. In this case they can use a mobile device or a tablet. But does this make it cheaper and more hassle free from a usage perspective ?

Square’s mobile payments have garnered a lot of press. But will they find equivalent adoption?

Video Courtesy: AllThingsD

Source: allthingsd.com

The Lynchpin in Square

First they launched this. And a hot dog stall owner in lower Manhattan could process his payments using a card reader and an app.

Well so many such small business owners liked this product that soon Square was processing  $4 billion in payments.

Now they have launched this. Can you hear the creaking sigh from the cash register? And how simple mobile apps can take over complex payment software systems at checkpoint?

Square Register from Square on Vimeo.