Cash App to allow customers to convert P2P money into installment plans

Block’s (XYZ) Cash App announced a feature that allows customers to convert peer-to-peer, P2P, money transfers into installment plans. Customers can now spread the cost of P2P payments over time, giving them greater control over their cash flow when it matters most. “Millions of customers already use pay-over-time features within Cash App for card purchases, and this expansion builds on that existing behavior by extending a familiar experience to more transaction types within the app,” said Owen Jennings, Executive Officer and Head of Business, Block. “We’re delivering flexibility at every touchpoint where customers are sending and spending their money. We’re going to continue down this path to build products that meet our customers where they are, giving them flexible options that fit their everyday financial lives.”