Square introduced Square Cash last fall, enabling people to send money to one another using a simple email. Now, you can also send money by texting.
The company announced today that it has released an update to the mobile app versions (Android and iOS) that lets you make a payment with a text message.
"The update adds the ability to simply send or request money from everyone in your address book using just their phone number (or e-mail address), even if the recipient doesn’t have the app," Square says. "Cash also features a refreshed design, the ability to keep track of payments and requests via push notification, and a new Profile feature for linking all of your email addresses and phone numbers to your account."
"People use the free Cash app to pay for group vacations, dinner bills and even to send funds for back to school supplies, meal plans and textbooks," it adds. "Cash also enables anyone to request money, even from up to 25 people at once, streamlining payment collection for sports teams, parties, and events by helping groups easily manage their money."
According to the company, people have already sent and received hundreds of millions of dollars using Square Cash since launch. Over a quarter of all that has been sent across city and state lines.
Image via Square