As America’s workforce shifts toward variable income, Cash App and Afterpay complete their most ambitious product integration yet – expanding pay-over-time flexibility to the modern earner
Cash App announced the general availability of Afterpay on Cash App Card, bringing Buy Now, Pay Later to eligible Cash App Card customers.1 The launch marks the full commercial realization of a product built for a new kind of American earner: one whose income doesn’t arrive on a fixed schedule, whose financial needs extend well beyond a merchant’s checkout, and who has long been underserved by a traditional financial system that wasn’t designed with them in mind.
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Gig workers, creators, hourly employees, and independent contractors increasingly manage variable income across multiple streams and they need payment flexibility that moves with them. Afterpay on Cash App Card is built for that reality: pay-over-time for everyday spend categories like groceries, gas, restaurants, and utilities, built into the app millions of people already use to manage their money.
“Millions of people already trust Cash App Card for their everyday spending. What Afterpay on Cash App Card does is take that existing trust and extend it, giving eligible customers the flexibility to pay over time for any purchase, not just the ones a merchant has opted into. That’s what the combination of these two platforms makes possible: Afterpay’s best-in-class BNPL product, distributed through a financial ecosystem that tens of millions of people already rely on, for the everyday spend categories that actually matter to their lives,” said Owen Jennings, Executive Officer and Head of Business, Block.
The product pairs Cash App’s real-time data underwriting, which evaluates cash flow patterns and financial behaviors rather than backward-looking credit scores, with Afterpay’s pay-over-time expertise and transparent fee structure: a flat 7.5% finance fee, six-week repayment terms,1 no revolving debt, no down payment, and no impact to a customer’s credit score. The result is a product that expands access to short-term credit for customers who have historically been excluded from it.
Early customer data makes clear that Afterpay on Cash App Card can be a regular cash flow tool, not simply a one-off purchase. More than three in five customers who have made an Afterpay on Cash App Card transaction have used it at least five times.2
The general availability of Afterpay on Cash App Card is the clearest proof point yet of what the convergence of Afterpay and Cash App makes possible. Building on the pilot launch, today’s rollout extends Afterpay on Cash App Card to all eligible Cash App Card customers across Cash App’s 59 million monthly transacting actives.3
Recent innovations from Cash App and Afterpay shared ecosystem includes expanding its Pay Monthly option — offering longer-term installment options on larger purchases — to merchant checkout for Cash App customers, and introducing the ability for customers to retroactively convert eligible peer-to-peer payments and Cash App Pay transactions into flexible installments. Together with Afterpay on Cash App Card, these capabilities form a comprehensive suite of flexible payment products built to meet customers however and wherever they choose to spend.
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