Cash App rolled out a new feature this week that lets users convert recent P2P payments into installment plans. Send someone $100, then retroactively turn that into a short-term loan from Cash App. You get the $100 back in your balance instantly and repay weekly with a flat 7.5% fee. It works on any eligible P2P send of $25 or more made in the last 30 days.
Nobody else offers BNPL on person-to-person transfers. Block says 90 million Americans will use some form of buy-now-pay-later by end of 2026. Feels like they're quietly turning Cash App into a full consumer lending product, one feature at a time.