While Square is believed to be raising $50 million or more, say sources, at a valuation of $1 billion plus, and processing more than $3 million per day in mobile payments, others are noticing their traction. In China. To that end iBOXpay is advertising its development of a "free mobile payment platform", although it doesn't appear to be on sale yet. 
Source: http://feedproxy.google.com/~r/Techcrunch/~3/e_f0FI_Vid4/
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