Visa has accumulated a stake of Square’s Class A stock, according to a filing with the Securities and Exchange Commission, giving a boost to the mobile point of sale company, which has faced challenges recently.

The stake represents 9.99% of “beneficial ownership” of Square’s Class A common stock, according to a Visa spokesperson, adding Visa’s current holdings represent approximately 1% of Square's fully diluted common equity as of December 31, 2015.  

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