American mobile payments company Square has opened its fourth office in the US in St. Louis, Missouri, which will serve as a hub for sellers in the Midwest.

The new office, which is based in the Central West End’s Cortex Innovation District, is expected to create 200 job roles over the next five years.

The company said that it is planning to recruit more than 40 full-time staff immediately with positions spanning multiple job functions including compliance operations, customer support, IT and recruiting and office management.

"St. Louis is a prime location for Square’s new office because of its growing economy and wealth of talent from top universities, research centers, and training programs," Square said in a statement.

Square was founded in 2009 by Jack Dorsey and Jim McKelvey.

McKelvey said: "St. Louis business owners who accept payments with Square have already contributed more than $85 million to the local economy, and we’re thrilled to be even more ingrained into the fabric of the city."

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