Block's Cash App Unveils Buy Now, Pay Later for P2P Payments
Cash App introduces a new 'buy now, pay later' feature, enabling users to split payments for peer-to-peer transactions. The feature aims to provide financial flexibility while ensuring strong protections against debt issues.
In a strategic move to expand its financial services, Block's Cash App has launched a new 'buy now, pay later' (BNPL) feature for peer-to-peer (P2P) payments. This innovative offering allows Cash App users to split the cost of their P2P transfers into four equal installments, providing greater financial flexibility for consumers.
The introduction of the BNPL feature is part of Cash App's broader initiative to offer a comprehensive suite of financial tools and products beyond its core P2P payment capabilities. By integrating this functionality, the platform aims to cater to the evolving needs and preferences of its growing user base, who often seek more flexible payment options.
{{IMAGE_PLACEHOLDER}}Source: TechCrunch
