Cash App (XYZ) announced the upcoming pilot launch of Afterpay on Cash App Card, a new feature that allows eligible Cash App Card holders to turn their upcoming online or in-store transaction into a pay-over-time purchase anywhere Visa (V) is accepted, through the issuance of a new Visa Debit Flex Card. “We’re bringing together Block’s underwriting muscle with Afterpay’s proven pay-over-time expertise to deliver something our 26 million monthly Cash App Card actives have been asking for,” said Owen Jennings, Executive Officer and Head of Business at Block, Inc. “We’re offering a transparent form of credit and a real alternative for Americans who want flexibility without the traditional baggage often associated with credit cards. Consumer credit is shifting, and we’re built to lead that shift.”
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