Visa now has a 10 percent stake in mobile payment startup Square, Inc., according to a recent regulatory filing.
The revelation is somewhat surprising considering that Visa started a rival service in Visa Checkout not that long ago.
Square has relatively strong recognition in the small business market, providing sellers/merchants an opportunity to accept credit cards (chip or magstripe) as well as NFC payments including Apple Pay and Android Pay.
Visa is clearly looking to secure its share of the digital landscape. The company recently introduced Visa Explorer, a developer platform that will make it possible to incorporate digital payments in their mobile apps (consisting of a Web portal, developer tools and a set of APIs).