Subscribe
|
|
|
|
|
|
|
News

Cash App to exit UK and increase focus on the US market

Monday 22 July 2024 14:47 CET | News

Cash App has announced the decision to exit the UK market, with plans to close down Cash App UK on 15 September 2024. 

 

In the official announcement, Cash App stated that the company does not make decisions like this lightly, as it understands the impact on its customers, partners, and team members who have contributed to their growth. 


Cash App is committed to making this transition as smooth as possible. 

Cash App has announced the decision to exit the UK market, with plans to close down Cash App UK on 15 September 2024.

All Cash App UK account holders are set to be notified about this change immediately. Moreover, the company will continue to update customers over the coming weeks on what to expect and any necessary actions they need to take. 

Focus on the US market and deprioritise global expansion 

In recent months, the company has shared its strategic plan for Cash App, which focuses on the United States and deprioritises global expansion. The announcement continues to state that the operations remain unaffected by this decision.  

Furthermore, as Cash App implements this change, customers can rest assured that their funds will be safeguarded until they are withdrawn, even after its service closes.

Source: Link


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: mobile payments, payments , online payments
Categories: Payments & Commerce
Companies: Cash App
Countries: United Kingdom
This article is part of category

Payments & Commerce

::: more

Cash App

|
Discover all the Company news on Cash App and other articles related to Cash App in The Paypers News, Reports, and insights on the payments and fintech industry:





Industry Events

Free Headlines ::: subscribe now
RSS ::: follow ThePaypers via RSS ::: connect
LinkedIn ::: connect with ThePaypers on LinkedIn ::: connect
Twitter ::: follow ThePaypers on Twitter ::: follow
Facebook ::: like ThePaypers on Facebook ::: like