Cash App Users Can Now Pool Money For Group Payments — Even With Non-users

Cash App launched a caller peer-to-peer costs characteristic connected Tuesday called “Pools” that allows users to excavation money pinch friends aliases family members to salary for expenses for illustration market bills, edifice checks, vacations, and group gifts. Initially disposable to prime users, it will grow much wide successful nan coming months.

Users tin create Pools done nan costs tab by mounting a target magnitude and inviting contributors via their $cashtag aliases texting a nexus to non-users to salary done Apple Pay aliases Google Pay.

The organizer tin adjacent nan excavation anytime and transportation nan costs to their Cash balance.

The expertise for non-users to lend done Apple Pay and Google Pay is peculiarly significant, arsenic it encourages information from those not connected nan app. The level needs maturation aft reporting that consumers utilized nan app little than expected, starring to a first-quarter gross profit that fell short of its projections.

This move comes arsenic Cash App seeks to compete pinch Venmo and PayPal, which some connection money-pooling capabilities.