Cash App users can now send money to friends using installment plans.

Block says that the new feature has strong built-in protections to keep users from so-called debt spirals.

XYZ's Cash App rolls out pay-over-time for P2P transfers, letting customers split everyday payments into installments with transparent fees and flexible repayment options.

If you’re new to the world of payment apps, choosing what to download can feel overwhelming. We’ll help you sort through the options. Over 57 million people use the Cash App each month for a faster, ...

The new capability allows Cash App users to translate “recent” P2P transfers into short-term installment loans, Block says. The sum of the payment is immediately credited to the user’s account, and ...