Cash App

Cash App is a mobile payment service developed by Square, Inc. that allows users to transfer money to one another using a mobile phone app. The service is available in the US and the UK. As of March 21, 2021, the service recorded 36 million active users.

Source: cash.app

Block Cuts 8% of Staff Citing ‘Strategy’ and ‘Performance’ Issues
Block Cuts 8% of Staff Citing ‘Strategy’ and ‘Performance’ Issues
March 26, 2025  |  Personnel

Financial services company Block has reportedly laid off 8% of its workforce. The job cuts impact 931 people, TechCrunch reported, citing a Tuesday (March 25) email from Block...

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Block’s Direct Lending Move Aims at Filling Consumer Credit Gaps
Block’s Direct Lending Move Aims at Filling Consumer Credit Gaps
March 18, 2025  |  Consumer Finance

The platforms that have banks embedded in their operations are taking more of their lending activities into a direct model, giving momentum to income streams...

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Cash App Embeds Afterpay Into App for BNPL
Cash App Embeds Afterpay Into App for BNPL
March 17, 2025  |  BNPL

Mobile payments provider Cash App says it has formed a pay later partnership with Afterpay. Beginning this week, Cash App customers will have access to Afterpay’s buy now,...

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Platforms Use Cards and Deposits to Become Alternatives to Traditional Banks
Platforms Use Cards and Deposits to Become Alternatives to Traditional Banks
February 24, 2025  |  Alternative Credit

FinTechs — especially platforms — are capitalizing on the continued buildout of digital solutions and products, including cards, to give consumers an alternative to traditional...

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Block Doubles Down on Banking Base as FinTech Competition Grows
Block Doubles Down on Banking Base as FinTech Competition Grows
February 20, 2025  |  Earnings

Jack Dorsey is no stranger to playing the long game. But Block, the financial services and digital payments company formerly known as Square, missed Wall...

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Square, Cash App and Visa Support Small Businesses With Technology
Square, Cash App and Visa Support Small Businesses With Technology
February 04, 2025  |  ResTech

Square, Cash App and Visa partnered with New Orleans nonprofit organization Propeller to provide local food and beverage businesses with technology and support to help...

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CE 100 Index Gains 2.1% as AI Excitement Leads Infrastructure Companies Higher
CE 100 Index Gains 2.1% as AI Excitement Leads Infrastructure Companies Higher
January 27, 2025  |  Connected Economy

The debut of the new presidential administration, the prospect of AI-friendly regulations and related infrastructure investments — and a planned investment of up to $500...

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CFPB: Block Must Pay $175 Million for Cash App’s ‘Weak Security Protocols’
CFPB: Block Must Pay $175 Million for Cash App’s ‘Weak Security Protocols’
January 16, 2025  |  CFPB

The Consumer Financial Protection Bureau ordered Cash App owner Block to pay $175 million to address security failures. Block must refund consumers up to $120...

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Block to Pay $80 Million to Settle AML Violation Allegations
Block to Pay $80 Million to Settle AML Violation Allegations
January 15, 2025  |  Regulation

Block has agreed to pay an $80 million fine and undertake corrective actions to resolve a coordinated enforcement action by 48 state financial regulators that...

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