Square's Cash App Testing $200 User Loan Feature
Square (NYSE: SQ) announced last week that its Cash App payments service is testing a new feature that will allow users to take small, short-term loans that could represent a challenge to the payday loan industry.
The fintech company is currently making the option available to about 1,000 users during the initial testing phase but may roll the feature out to a greater number of users if it deems the experiment to be a success.
Image source: Getty Images.
Source Fool.com
