Square gets back into food delivery less than a year after selling Caviar

published 24.06.2020 18:00

by Kate Rooney from cnbc.com
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Wednesday's announcement underscores Square's effort to beef up online offerings for small businesses that are being hit especially hard by nationwide shutdowns.

At the time, CEO Jack Dorsey, who is also the chief executive of Twitter, said in a statement the move would allow Square to double down on investments and focus in its core payments businesses.

"In this challenging new business environment, it's more important than ever that sellers have access to the tools they need to sell online quickly, efficiently, and affordably," Square said in a press release Wednesday.

Less than a year after announcing the sale of its food delivery service Caviar, the payments company announced a new option for restaurants and retail stores using its payments hardware to have their products delivered to customers' homes.

The coronavirus-related shelter-in-place orders have forced many Square merchants to close their doors and quickly shift businesses online.