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.”