Block adds retroactive pay later to Cash App P2P, aiding gig workers

Block Inc. expanded its buy now, pay later capabilities to include peer-to-peer (P2P) payments within Cash App. Eligible users can retroactively convert P2P transactions of $25 or more into short-term loans.

This service builds upon existing Afterpay and Cash App Borrow products. The feature targets users with variable incomes, such as gig workers, to provide greater financial flexibility.

Converting a transaction adds the loan amount back to the user's Cash App balance for repayment over time. This expansion integrates credit services deeper into the platform to create a comprehensive financial tool.