Payment technology

Square releases updated free money transfer app

SquareSquare recently released an updated version of Cash, a free app to request and make cash transfers via mobile phone number or email address.

According to the company, users will be able to send and request money–even if the recipient does not have the app—from up to 25 people at one time, streamlining payment collection for large events and groups such as sports teams.

The new design also allows customers to track payments and receive push notifications for requests, as well as a new profile feature that can be used to link email addresses and phone numbers from a contact list to the Square account.

Funds are generally available for use within minutes, and no fees are required. The Cash app is available for download from Google Play or the Apple App Store.

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