Cash App launches P2P BNPL installments, lender waitlist to expand lending
Key Questions
What is Cash App's new P2P installments feature?
Cash App launched a 'pay over time' feature for peer-to-peer transfers of $25 or more made within the last 30 days. Eligible users can convert payments into short-term installment plans with a 7.5% fee, such as $107.50 for a $100 transfer.
How many active users does Cash App have?
Cash App has 50-59 million active users. This supports strong growth in features like Borrow, which saw +223% increase to $18.5B in loans out of $100B total.
What growth metrics highlight Cash App's performance?
Cash App reported GP +33% in Q4'25, with Afterpay and BTC volumes reaching $58B. Borrow lending expanded significantly amid BNPL trends.
What are the credit risks associated with BNPL like Cash App's feature?
BNPL accounts can impact credit scores and future loan approvals for cars or homes. Users should be aware of potential effects on creditworthiness from deferred payments.
Was there a shooting incident tied to Cash App?
A deadly shooting at a Columbus gas station was linked to a Cash App deal, according to police testimony. Details emerged in court regarding the incident.
How does Cash App's feature compare to competitors like PayPal?
Cash App is the first to enable pay-over-time for P2P transfers, differentiating from Venmo and Zelle. PayPal is expanding Venmo as a global commerce engine amid rivalry.
What is the lender waitlist for Cash App?
Cash App has a lender waitlist to expand its lending capabilities alongside the P2P BNPL feature. This aims to scale Borrow and installment offerings.
What is projected for US digital wallet growth?
US digital wallet use is expected to grow significantly by 2030 for e-commerce and in-store purchases. Cash App positions itself for dominance in this space.
P2P installments ($25+ transfers, 7.5% fee for gigs; Owen Jennings quote); 50-59M actives, Borrow +223% $18.5B/$100B loans, Afterpay/BTC $58B vol; BNPL credit risks; deadly Columbus gas station shooting tied to Cash App deal; digital wallet dominance proj; GP +33% Q4'25; PayPal rivalry. Multiple reports reinforce product, no new metrics. Gaps: vol/defaults/margins/uptake/shooting response.