US fintech Block has backtracked on plans to launch Cash App in Australia, and Nick Molnar says it will instead expand features inside the Afterpay app, including allowing users to “pay in four” when they spend at any retailer, under a new subscription service.
“Afterpay continues to become more holistic,” its founder, Mr Molnar, said in an interview on Tuesday. “The focus is how we build more things into Afterpay.”
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James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
