News Formal

Square's Cash App user base surges to a massive 24 million monthly active customers - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Square's Cash App user and monetization surge is likely a result of its growing set of features and its ability to showcase them

This puts the size of the peer-to-peer payments platform's monthly user base close to that of both Venmo and Zelle, which are to have had 26.9 million and 35 million monthly users in the US in 2019, respectively, per eMarketer, giving Cash App a large group of users to potentially draw revenue from.

Square has managed to increase Cash App's monetization alongside its user base, likely thanks to its growing set of features and its ability to showcase them. Cash App's share of Square's gross profits has surged: It managed to boost its revenue per user, which can be a difficult task for P2P platforms.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Square emerges as a coronavirus hedge while other payment stocks get crushedSquare has been an outlier in this week's payment stock wreckage. ReformedBroker sorry buddy i beat you 🙃🙃🙃 lol
Source: CNBC - 🏆 12. / 72 Read more »

The best Chase Offers for cash back that are available now - Business InsiderIf you have a Chase card, you likely have Chase Offers attached to your account — and they can save you money at Cole Haan, Rite Aid, and more
Source: BusinessInsider - 🏆 729. / 51 Read more »