US based payments company Square has made its first foray outside the States with the launch of the Square Cash app. They have announced that the Square Cash App will now be available to shoppers and sellers n the UK with the aim of streamlining payments, especially when you’re out and about.
Sending and receiving money is where Cash App began, and it’s grown into a service with mass appeal in the US as a result of its speed and ease of use. We’re excited to bring this to more international markets and today is only the start of what we plan to offer as we continue to empower individuals by providing greater financial access to all.
The launch of the Square Cash App was announced by the company on Twitter:
— Cash App (@CashApp) April 3, 2018
As with American users, you will be able to send and receive money for free, and a user’s bank will receive payment in sterling automatically by the end of the next business day. The app will also have the “Cashtags,” symbolized by the GBP pound sign.
Sadly the full suite of Square products won’t be available to buyers and sellers in the UK though. Users won’t be able to buy and sell Bitcoin on the app at launch, as Americans can, but that might change. And the Square cash debit card also won’t be available yet.
Could Square be a game changer here in the UK? Perhaps. There is plenty of competition (but not like in the States) and in the UK there is considerable rivalry between providers too. Square is late to the party.