Square, a leading financial technology company, has partnered with Salt Edge, a top Open Banking platform, to revolutionize payment operations for small and medium-sized businesses (SMEs) in the UK. This collaboration enhances financial transparency, security, and efficiency, helping UK businesses streamline cash flow management.
Empowering SMEs with Smarter Financial Tools
For over 15 years, Square has been equipping businesses with innovative hardware and software solutions, including Square Online, Square Appointments, and Square for Restaurants. These tools simplify inventory, cash flow, team management, loyalty programs, and marketing—allowing business owners to focus on growth rather than administrative complexity.
With its extensive global presence and seamless integrations, Salt Edge was the perfect partner to support Square’s international expansion. By integrating Salt Edge’s Open Banking Compliance solution, Square ensures secure and transparent financial data sharing while staying compliant with evolving Open Banking regulations.
A Game-Changer for Square Card Users
This partnership is especially beneficial for Square Card users in the UK. Designed to support underserved SMEs, the Square Card provides an all-in-one solution for financial management. By leveraging Salt Edge’s API technology, businesses can securely share their financial data with banks and other regulated third-party providers.
This feature gives UK entrepreneurs access to personalized financial insights, enhanced control over spending, and tailored financial services, empowering them to make informed decisions that drive growth.
Executive Insights on the Partnership
Samina Hussain-Letch, Executive Director at Square UK, shared her excitement:
“The integration with Salt Edge is a significant step for us. Square Card is a vital tool for small businesses looking to manage cash flow—one of the biggest challenges entrepreneurs face. Salt Edge’s Open Banking APIs make financial data sharing seamless, helping us simplify operations so that our sellers can focus on running and growing their businesses.”
Andrei Scutari, Open Banking Head of Sales and Country Manager at Salt Edge, added:
“This collaboration comes at a crucial time for UK SMEs, where efficient cash flow management is key to success. Our Open Banking Compliance solution integrates seamlessly with Square, enabling businesses to securely connect with banks and financial institutions of their choice. This level of financial control ensures smoother operations and the ability to quickly adapt to market needs.”
Driving Financial Innovation for SMEs
With Square and Salt Edge joining forces, UK businesses can expect a more streamlined financial ecosystem, better cash flow management, and increased access to smarter financial solutions. By leveraging Open Banking, Square is making financial management easier, more secure, and more transparent for small businesses—empowering them to thrive in a competitive market.
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