Block CFO Amrita Ahuja discusses the popularity of the company's Cash App payment services among the younger generation of consumers. She explains how Cash App is able to reach this demographic and highlights the unique offerings it provides for families. Cash App, formerly known as Square, is a financial services outfit that offers various payment options and allows users to buy stocks and bitcoin. Block also owns Afterpay, a buy now, pay later company.
Block CFO Amrita Ahuja on Friday told CNBC's Jim Cramer that the company's Cash App payment services are doing well with the younger generation of consumers. The Cash App card, a free Visa debit card, is especially popular with young people, Ahuja said. She explained how Cash App is able to reach the younger generation , citing a "We have a families offering that is really unique because this is a population that's pretty underserved, and we get to grow with them," Ahuja said.
"We get to reach their parents and their aunts and uncles and their community around them." Formerly known as Square, Block is a financial services outfit that operates payment and point-of-sale products. Cash App, which brought in a large chunk of the company's revenue last quarter, has a variety of payment offerings and also lets users buy stocks and bitcoin. Block also owns Afterpay, a buy now, pay later company
Block CFO Cash App Payment Services Younger Generation Consumers Visa Debit Card Popularity Families Underserved Revenue Square Point-Of-Sale Products Payment Offerings Stocks Bitcoin Afterpay
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