Cash App announced a slate of new features designed to match the ways millions of people manage their financial lives today. The first-ever Cash App Release, which marks the brand's most significant product expansion-to-date, includes innovations across Cash App's banking, Bitcoin, commerce, and peer-to-peer offerings along with a first look at the future of AI and automation on the platform. The full Cash App Fall Release can be found at cash.app/new.
Cash App has rolled out 11 product updates and made more than 150 improvements to meet the way that millions of people earn, manage, and share money. The brand's first-ever bundled release includes more flexible banking benefits, AI-powered navigation, the ability to send and receive stablecoins, and more - all underpinned by robust safety features. As consumers' financial worlds become increasingly digital and decentralized, money needs to be faster, more flexible, and more collaborative to keep pace.
Traditionally certain banking benefits have been gated behind direct deposit thresholds, which doesn't match the reality of how millions of Americans are paid today. In fact, nearly 40% of Cash App customers do not receive income via direct deposit. To deliver a better, more flexible banking experience for its customers, the brand is introducing Cash App Green, a reimagined benefits program which allows qualifying customers to earn benefits by either spending $500 or more per month through the Cash App Card or Cash App Pay, or by depositing $300 in qualifying deposits per month.
Through this more flexible program more than 8 million actives will now have access to banking benefits. This responsible growth model starts small and grows with customers as they demonstrate positive financial behavior. Now, through Cash App more trusted customers can get access to credit with transparent terms and without credit checks, compounding interest, or compounding late fees: Cash AppBorrow, is now available to eligible customers in 48 states, and first-time borrowers can qualify for up to $500.
This expansion demonstrates ability to responsibly offer access to credit: 70% of Cash App Borrow actives have credit scores below 580, yet the product maintains repayment rates above 97%. For the first time, Cash App customers can access Afterpay features without needing a separate app or login. Moneybot is currently available to a select group of customers and will become more broadly available in the coming months.
This pilot marks the first step toward an AI-powered Cash App: over time, the brand plans to transform its interface and the ways customers can engage with the platform. Connecting People Through Money: Peer-to-peer payments - the first product Cash App launched in 2013 - remain at the heart of the in-app experience. This summer Cash App introduced pools, a new way for friends and family to collect money upfront to make a shared goal a reality.
Fair Resolution: Cash App offers 24/7 customer support, unified issue reporting, and one of the industry's most comprehensive scam reimbursement policies. In 2024 alone, Cash App reimbursed over $8 million to more than 80,000 people.
