Cash App adds buy now, pay later to peer-to-peer transfers with a 7.5% fee and six-week repayment window

Cash App launched a pay-over-time feature that lets eligible users spread P2P transfers of $25 or more over up to six weeks for a flat 7.5% fee. The company says eligibility is determined per transaction based on its own responsible lending criteria rather than traditional credit limits, and is targeting gig workers and entrepreneurs with variable income streams. The launch adds BNPL to one of the few remaining payment contexts where it hadn't taken hold, though consumer advocacy groups have warned that deferred payment products can push variable-income users toward debt cycles.