Cash App enables installment plans for P2P payments

Cash App has introduced a new feature allowing users to convert peer-to-peer (P2P) money transfers into short-term installment plans. Eligible customers can now spread the cost of P2P payments of $25 or more made within the last 30 days over time. This functionality aims to provide greater flexibility and affordability for users managing their finances through the app. By offering installment options, Cash App is enhancing its P2P payment service, making it more convenient for users to handle larger transactions by breaking them down into manageable payments with a clear upfront fee.