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Top related persons:
Cash - 1 Brian Grassadonia - 1 Cash App's - 1 Afterpay cofounders - 1 Nick Molnar - 1 Anthony Eisen - 1 Alyssa Henry - 1 Jack Dorsey - 1
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Top related orgs:
Block - 1 Business - 1 Cash - 1 Dick's Sporting Goods - 1 PayPal - 1 Klarna - 1 Walmart - 1

Search resuls for: "Cash App's"


3 mentions found


☆ Block's Cash App Pay expands to outside retailers and payment processors as company targets 'superapp' status
  + stars: | 2022-09-16 | by ( Ann Gehan | ) www.businessinsider.com   time to read: +7 min
Cash App has expanded its Cash App Pay feature beyond the Square network for the first time. Cash App has taken another step toward becoming a "superapp" by extending its Cash App Pay feature to more e-commerce merchants and an additional payments processor, the company told Insider. With Cash App Pay, users can make online purchases using their Cash App balance by selecting the payment option at checkout on a retailer's website. Retailers including American Eagle, Aerie, and JD Sports will now adopt Cash App Pay as an option for e-commerce payments. There's upside for Cash App as well — by expanding Cash App Pay's availability, Cash App can reach more users, as well as strengthen engagement with existing ones.
☆ Evercore ISI downgrades Block to underperform and slashes price target, citing growing headwinds in payments
  + stars: | 2022-09-14 | by ( Carmen Reinicke | ) www.cnbc.com   time to read: +2 min
Increased competition Competition in the payments space is heating up and could be a headwind for Block. In addition, given expectations for a U.S. economic slowdown, Evercore ISI now sees Block's profit growth rate continuing to decline from the second half of this year through 2024. "While cross-selling Afterpay within Seller and Cash App should help, these headwinds should sustain through 2023E," Togut said. "2022E-2024E, we forecast Afterpay's gross profit growth rate will average 13%, down from 83% and 72% in 2020 and 2021, respectively." Cash App is a different story, as Evercore ISI sees it growing gross profit in the coming quarters by utilizing new products and cross-selling.
☆ Jack Dorsey's Cash App wants to become a super app — and is aggressively integrating buy now, pay later service Afterpay into its ecosystem to get there
  + stars: | 2022-05-18 | by ( Ann Gehan | ) www.businessinsider.com   time to read: +6 min
"Afterpay can help transform Cash App into a super app," Molnar said. Block estimates only around 6% of current Cash App users are also Afterpay users, meaning over 75 million Cash App users are potential new Afterpay customers. Other significant developments include the addition of an Afterpay shopping and browsing feature to Cash App and the integration of Afterpay account management capabilities into Cash App. The Cash App and Afterpay integrations will extend to e-commerce checkout, where Afterpay sellers will now be able to accept Cash App Pay as a form of payment. A slide from Block's 2022 investor day presentation lays out a plan for integrating Cash App, Afterpay, and Square.
Persons: Cash, Brian Grassadonia, Cash App's, Afterpay cofounders, Nick Molnar, Anthony Eisen, Alyssa Henry, Jack Dorsey, Molnar, Afterpay, Block's, Grassadonia, there's, Eisen, Block, PYMNTS, Omar Ismail, Goldman Sachs, David Stark Organizations: Block, Business, Cash, Dick's Sporting Goods, PayPal, Klarna, Walmart
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