Julie Halliday at Studio 52 gets to grips with Square (Image: Square)
Small business and ecommerce entrepreneurs on the Falkland Islands are set to be able to take digital payments following an agreement between Square, Mastercard and the Falkland Islands Government.
The Falkland Islands lie 8,000 miles from London in a remote and beautiful location where penguins outnumber people by more than 100:1. To date, many of the Islands’ businesses have been cash-only. Banking and compliance issues made it difficult, and sometimes impossible for small businesses to sign up for merchant accounts to accept cards – and to get those funds settled into their bank account.
On top of that, card payment machines were difficult to install and maintain in such a remote location.
With only one cash machine and bank branch on the Islands, residents and the tens of thousands of annual tourists alike were feeling the burden of