Cash App Shuts Down Operations in UK

Cash App has announced that it will be leaving the British market and will shut down its operations on September 15.

This decision was not taken lightly, as it would affect both customers and partners who have contributed to the company’s growth over the past 6 years.

The company’s focus is now on the United States, and this decision is in line with its shareholder letter from February which outlined plans to focus on its US audience and prioritize growth through inflows per active rather than expanding into new markets.

Recent research shows that P2P payments facilitated by apps like Cash App are changing the way consumers make transactions.