The mobile wallet from Square has a new look. The company has released version 3.0 of its Square Wallet app for iOS devices, and the update addresses both aesthetics and functionallity.

Square Wallet uses a consumer's location to add that person to a list of customers currently in a merchant's store. When it comes time to pay, the cashier simply locates the customer's profile using the attached profile picture in order to process the transaction. The goal is to eliminate tapping, swiping or scanning altogether.

With version 3.0, the layout is improved as well. Customers are now automatically added to the merchant's list of customers as soon as they log into the Square Wallet app. If the merchant is a Starbucks (where Square now processes all credit and debit transactions) the app automatically brings up a QR code that can be scanned at the register to make a payment.

According to Square, the new version offers a "sleeker, snappier payment experience."

No word on when an updated Android version will be released.

Read more about mobile/digital wallets.