American mobile payments firm Square has launched Square Cash Card which will allow users to obtain personalized prepaid card via the Square app or website.
Cash Card is a Visa debit card generated by Square that can be used to pay merchants and retailers with the funds in Cash app.
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The card is unique to Square Cash and is not connected to bank. This is separate from the personal debit card linked to Cash app.
Once Cash Card is enabled, users can use it to spend cash with Apple Pay, online or in other apps.
Square operates as a mobile payments company and delivers a range of financial services for merchants and consumers through its peer-to-peer money sending application.
Founded in 2009, the US-based FinTech company markets several software and hardware payments products, including Square Register and Square Reader, and has expanded into small business services such as Square Capital, a financing program, and Square Payroll.
