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AAP
AAP
Business
Derek Rose

Square launches new hardware-free tap-to-pay service

Square
The race to new contactless payment technology is ramping up between banks and fintechs. (PR HANDOUT IMAGE PHOTO) (AAP)

Competition among banks and fintechs to transform payment technology is heating up.

Technology company Square on Wednesday launched a new service that will let merchants accept contactless payments with nothing more than a compatible Android smartphone.

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