Snapchat Launches Snapcash Money Transfer Service using Square

Snapchat have announced a partnership with Square, allowing Snapchat users to send cash to each other. The service is available to US users over 18.

A security breach in January led to the usernames and phone numbers of 4.6 million users being published. Snapchat’s announcement makes it very clear that they will not be storing debit card information for their users: they’ll leave that to Square.

We set out to make payments faster and more fun, but we also know that security is essential when you’re dealing with money. Square has a ton of experience in this area and our teams have been hard at work to make Snapcash a great experience for everyone.

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