Cash App just made it a lot easier to pool your money with friends. Here's how it works https://t.co/kzZmlPT8mz
Block-owned Cash App unveils Pools, a new peer-to-peer feature for group payments, and says users can accept contributions via Apple Pay or Google Pay, a first (@kenziesigalos / CNBC) https://t.co/kQZGThxEgO https://t.co/UsnTyrZu7V https://t.co/ZOzeer1FAj
Cash App opens up to Apple Pay and Google Pay for the first time https://t.co/ITxzGZhp01
Block Inc.’s Cash App on Tuesday introduced “Pools,” its first major peer-to-peer product in nearly two years, allowing users to collect money for shared expenses such as dinners or trips. For the first time, contributions can be made through Apple Pay and Google Pay, enabling people who are not Cash App customers to participate via a shareable link. Owen Jennings, Cash App’s head of business, said the tool is aimed at “network expansion,” adding that each out-of-network contributor represents a potential new user. The feature lets organizers set funding targets, track individual payments and transfer the pooled balance into their Cash App account once the goal is reached. The rollout begins with a limited user base on 29 July, with broader availability expected in the coming months. The launch comes as Block seeks to revive user growth after disappointing first-quarter results and heightens competition with PayPal’s Venmo, which reported revenue growth above 20 % in the second quarter. Chief Executive Officer Jack Dorsey has called for renewed focus on peer-to-peer engagement, describing it as the foundation of Cash App’s broader push to become a “financial operating system” for consumers.