Square’s Keith Rabois makes unexpected exit

Unexpected departure

Square mobile payment’s COO Keith Rabois has decided to leave Sillicon Valley based firm. The news comes as a surprise considering the former PayPal executive’s prominence during a time of intense competition within the market.

Although future plans for Rabois remain unclear Square has yet to explain the reasons behind his departure amidst speculation of disagreements and tension with company founder Dorsey.

Square has enjoyed huge success in the mobile payments space. Rabois joined when the outfit counted just 1000 active merchants in 2010. Today, Square processes over USD10bn annually with 500 employed staff. 

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