Tag: Cash App
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Cash App enforcement action expected this year
Recent reports suggest that a potential enforcement action against Cash App may be coming this year. The popular mobile payment app has come under scrutiny in recent months for various issues, including security concerns and alleged violations of consumer protection laws. The Consumer Financial Protection Bureau (CFPB) and other regulatory agencies have been monitoring Cash…
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Varo aims to displace Venmo, Cash App volume with P2P feature
In a bid to challenge the dominance of popular peer-to-peer (P2P) payment apps like Venmo and Cash App, digital banking start-up Varo Money has rolled out a new feature that allows users to transfer funds to friends and family using just their phone numbers or email addresses. Varo’s move to join the fiercely competitive…