FINTECH

How to Send and Receive Money through Cash App

Published

2 years ago

How to Send and Receive Money through Cash App

Are you looking for a convenient way to send and receive money abroad? If you are, then Cash App is one of the best options available for you. Cash App is a mobile payment service that allows users to send and receive money from their smartphones. It is a convenient and secure way to transfer funds, and it is becoming increasingly popular as an alternative to traditional banking methods.

In this article, we will provide you with a step-to-step guide on how to send and receive money through Cash App. Whether you are a new user looking to set up your account or an experienced user looking to improve your skills, this article will provide you with the information you need to effectively use Cash App.

What is Cash App?

Cash App is a mobile payment service developed by Square, Inc. That allows users to transfer money to one another using a mobile phone app. It is available for download on both iOS and Android devices and can be used to send and receive money from friends, family, and other individuals. In addition to peer-to-peer money transfer, Cash App also offers a range of financial services, including the ability to buy and sell stocks, make deposits and withdrawals at ATMs, and purchase bitcoin. The service is free to use for basic transactions, but fees may apply for certain features or services.

How Does Cash App Work?

Cash App is a mobile payment service, allowing users to transfer money to one another using a mobile phone app. With Cash App, you can easily send and receive money without incurring any fees, and most payments are transferred to your bank account in just a few minutes. It’s a convenient way to send money to anyone with a phone number or a unique £Cashtag, even if they are located internationally. If you need to send a payment to someone in a different country, Cash App will automatically convert the payment using the current mid-market exchange rate and your recipient will receive the funds in their local currency.

How to Send Money Using Cash App

To send money using Cash App, follow these steps:

Open the Cash App on your phone.
Click on the “$” symbol in the bottom-center of the screen.
Enter the amount of money you want to send in the “Send” field.
Type the email address, phone number, or “$Cashtag” of the person you want to send money to in the “To” field. You can also select a recipient from your list of contacts by clicking on the “To” field and choosing from the list.
(Optional) Add a note to the payment by clicking on the “Add a note (optional)” field.
Review the payment details and click “Send” to complete the transaction.

NOTE: You may need to verify your identity and add a payment method, such as a debit card, to your Cash App account before you can send money.

How to Receive Money Using Cash App

To receive money using Cash App, follow these steps:

Open the Cash App on your phone.
Tap the “My Account” icon in the bottom-left corner of the screen.
Tap the “Cash” tab on the top of the screen.
You will see your Cash App balance displayed on the screen. To receive money, tap the “Receive” button in the bottom-right corner of the screen.
You will be given the option to either request money from someone or to share your Cash App link with someone. To request money, tap the “Request” button and enter the amount you want to request. To share your link, tap the “Share” button and choose how you want to share your link (e.g., via text message, email, or social media).
If you are requesting money, the person you are requesting from will receive a notification and can choose to send you the money by following the prompts in their Cash App. If you are sharing your link, the person you are sharing it with can tap the link to open the Cash App and send you money.

NOTE: You will need to have a valid bank account linked to your Cash App account in order to receive money. You can link your bank account by going to the “My Account” tab and tapping the “Bank” option.

What is the Sending and Receiving Limit on Cash App?

The sending and receiving limits on Cash App vary depending on your account status and personal history with the app. There are also different limits for verified and unverified accounts.

For unverified accounts: The sending limit is $250 per week and the receiving limit is $1,000 per week. These limits may be increased if you provide additional information to verify your account.
For verified accounts: The sending limit is $7,500 per week and the receiving limit is unlimited. To verify your account, you’ll need to provide your full name, date of birth, and the last four digits of your social security number.

It’s important to note that these limits may change over time and may be different for users in certain countries. Additionally, Cash App may place temporary holds on your account for various reasons, such as if you’re sending a high volume of payments or if there are any issues with your account.

Benefits of Cash App

Cash App offers a number of benefits to its users, including:

No fees on basic services: Cash App does not charge any fees for monthly service, sending or receiving money, inactivity, or foreign transactions.
Free debit card option: The Cash Card is a debit card that is linked to your Cash App account. It is issued by Sutton Bank and can be used to make purchases and withdraw money from your Cash App account. The card is not connected to a personal bank account or other debit card.
Free ATM withdrawals with direct deposit: If you set up direct deposit on your Cash App account, you can make free ATM withdrawals with your Cash Card. Otherwise, there is a $2 fee to use an ATM with the card.
“Cash boosts” for discounts: Cash App users with the Cash Card can choose a “boost” on their account that offers a discount on purchases with a specific vendor. Only one boost can be active at a time, but users can swap boosts as often as they want.
Referral bonus: If you invite friends to join Cash App using your referral code, you will receive a $5 cash bonus for each friend who signs up.
Stock investment: Cash App allows users to invest in specific companies by buying stock with the funds in their Cash App account. If you don’t have enough funds in the app, the remaining amount will be taken from your linked bank account.
Bitcoin compatibility: Cash App users can buy and sell bitcoin, but Cash App will charge a service fee for each transaction, as well as an additional fee based on market activity and price volatility across U.S. exchanges.

Conclusion

Cash App is a convenient and secure way to send and receive money. It is easy to set up and use, and offers a variety of features such as the ability to pay bills and purchase stocks. Whether you need to send money to a friend or family member, or receive payment for goods or services, the Cash App is a great tool to have in your financial arsenal. It is important to remember to always use caution when sending or receiving money online, and to protect your personal and financial information by following best practices such as using strong passwords and enabling two-factor authentication.

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BANKING

Network International appointed as Payment Processing Partner by MTN Group Fintech

Published

2 months ago

Christopher

Network International appointed as Payment Processing Partner by MTN Group Fintech

Network International (Network) (www.Network.ae), a leading enabler of digital commerce across the Middle East and Africa (MEA), has been appointed as a Payment Processor – Issuing partner for MTN Group Fintech, Africa’s leading mobile financial services provider. This partnership marks a significant extension of Network’s portfolio of issuer processing collaborations throughout the African continent.

Network International appointed as Payment Processing Partner by MTN Group Fintech

With a footprint spanning over 50 countries and serving over 250 financial institutions, Network International brings its expertise to this partnership which will enhance MTN Fintech’s cutting-edge mobile services and provide even greater value to stakeholders and customers across Africa.

The partnership will focus on rolling out card issuance products across key MTN Fintech markets, starting with Rwanda which is already operational. Soon Uganda, Ivory Coast, and Nigeria will also be covered under this collaboration. Network International will provide a comprehensive range of services, including transaction processing, card management and online fraud prevention. MTN Fintech users will benefit from a seamless experience accessing both traditional mobile services and innovative digital payment solutions.

Dr. Reda Helal, Group Managing Director – Processing, Africa and Co-Head Group Processing at Network International commented: “Our collaboration with MTN Group Fintech marks a major milestone for our outsourced payments services in Africa. It demonstrates our ability to successfully serve Mobile Network Operators (MNOs) via our fully-fledged processing solutions and our continued dedication and commitment to the African region. We are excited to support MTN Group Fintech’s growth strategy, and its business development plans across the continent.”

Cedric N’guessan, Executive for Payment and E-commerce at MTN Group Fintech added, “This collaboration with Network International is pivotal in enhancing financial inclusion across Africa and beyond. It enables our customers to actively engage in the global economy, aligning perfectly with our strategic goals alongside Mastercard to broaden access to digital financial services across the continent.” Read More (https://apo-opa.co/43aKuII)

MTN Group provides voice, data, fintech, enterprise wholesale and API services to more than 288 million customers in 14 African markets.

Distributed by APO Group on behalf of Network International.

About MTN Group Fintech:
MTN Fintech, the platform business of MTN Group, is dedicated to revolutionising global financial services through innovative digital technology solutions. Leveraging MTN’s extensive reach and expertise in telecommunications, MTN Fintech is committed to advancing financial inclusion for all and empowering communities in Africa. With a primary focus on pioneering mobile financial services, digital payments, e-commerce, short-term insurance, and remittance capabilities, MTN Fintech strives to establish seamless, accessible, and secure financial ecosystems that shape the future of digital finance.

About Network International:
Network International is the Middle East and Africa’s largest and leading digital payments company. Our purpose is to help businesses and economies grow by simplifying payments and commerce. We operate in 50+ countries serving governments, banks, fintechs, merchants and public sector companies. We have 2,000+ employees based in our markets serving over 250 financial institutions and 130,000+ merchants.

BANKING

Prosperavest ESG LTD Launches “eNsc” – A Naira-Pegged Stablecoin on Lisk 2.0 Blockchain, Enabling Tokenized Real-World Asset Investments

Published

2 months ago

Christopher

Prosperavest ESG LTD Launches eNsc – A Naira-Pegged Stablecoin on Lisk 2.0 Blockchain, Enabling Tokenized Real-World Asset Investments

Prosperavest ESG LTD, is thrilled to announce the launch of eNsc, a Nigerian Naira-referenced stablecoin pegged 1:1 to the Nigerian Naira. Built on the high-speed Lisk 2.0 Blockchain, eNsc combines monetary stability with blockchain innovation, allowing global investors to securely access tokenized high-yield opportunities like Nigerian Treasury Bills while adhering to regulatory standards.

Prosperavest ESG LTD Launches eNsc – A Naira-Pegged Stablecoin on Lisk 2.0 Blockchain, Enabling Tokenized Real-World Asset Investments

Bridging Stability and Innovation

eNsc merges monetary stability with blockchain efficiency, operating within Nigeria’s robust regulatory framework led by the Securities and Exchange Commission (SEC) Nigeria. The SEC has prioritized creating a safe, transparent environment for blockchain innovation, exemplified by its Virtual Assets Regulatory Framework. These guidelines ensure market integrity, investor protection, and alignment with global standards—principles at the core of Prosperavest ESG’s operations.

“Our vision is to bring the Naira on-chain and democratize access to low-risk, high-return opportunities while upholding rigorous regulatory compliance. eNsc is more than a stablecoin—it’s a gateway to financial inclusion, blending the trust of traditional finance with the agility of blockchain.”— RaheemAnikulapo Ibrahim, CEO, Prosperavest ESG LTD

Prosperavest ESG LTD Launches “eNsc” – A Naira-Pegged Stablecoin on Lisk 2.0 Blockchain, Enabling Tokenized Real-World

Key Features of eNsc

1:1 Naira Peg: Backed by reserves held in regulated institutions, eNsc ensures stability and direct convertibility with the Nigerian Naira.
Lisk 2.0 Blockchain: Fast transactions, low fees, and interoperability with decentralized applications (dApps) ensure seamless integration into digital ecosystems.
Compliance Assurance: Built with robust AML protocols, transparent reserve audits, and adherence to Nigerian Securities and Exchange Commission’s (SEC) regulations.
Exclusive Cashback Rewards: For a limited time, users who convert a minimum of $50 via the eNsc Converter at app.prosperavest.com will receive cashback rewards, rewarding early adopters of this groundbreaking stablecoin.

Unlocking Global Investment Opportunities

By tokenizing Nigerian Treasury Bills, eNsc removes geographic and financial barriers, enabling fractional ownership and instant cross-border settlements. This innovation aligns with Nigeria’s growing prominence in Africa’s digital economy, offering investors exposure to stable, yield-generating assets.

A Commitment to Safe, Transparent Finance

SEC Nigeria: Championing Safe Innovation

The SEC has been instrumental in fostering a safe, transparent, and innovation-friendly regulatory environment for blockchain and virtual assets, implementing robust frameworks such as the Virtual Assets Regulatory Framework. Their proactive approach ensures investor protection, market integrity, and alignment with global best practices—a commitment Prosperavest ESG proudly upholds.

“Our compliance and cooperation with regulators is non-negotiable,” added RaheemAnikulapo Ibrahim. “Trust is the cornerstone of financial innovation every aspect of eNsc—from its technical infrastructure to reserve management—is designed to exceed SEC standards, fostering trust in Nigeria’s digital future

Join the Future of Asset Tokenization

eNsc is now live on the Lisk 2.0 Blockchain. Institutions, developers, and investors are invited to:

Explore eNsc at https://prosperavest.com .

Participate in the cashback reward program by converting a minimum of $50 on the eNsc Converter: app.prosperavest.com.

Disclaimer

This announcement is for informational purposes only and not financial or legal advice. Digital asset investments carry risks, including volatility and potential loss. Investors are responsible for their decisions. ProsperaVest ESG Ltd remains committed to SEC compliance and will provide updates on approval status.

Bitcoin

IUX Wins Best Trading Technology Provider 2025 Award at BrokersView, Setting New Standards with Next-Gen Trade

Published

3 months ago

Christopher

IUX Wins Best Trading Technology Provider 2025 Award at BrokersView, Setting New Standards with Next-Gen Trade

IUX, a globally recognized online CFD trading service provider, has been honored with the prestigious “Best Trading Technology Provider” award at the 2025 BrokersView Award for Brokers with Outstanding Assessment. This recognition solidifies IUX’s standing as a leader in the online CFD trading industry, highlighting its dedication to innovation, user-centric design, and cutting-edge technology—exemplified through its groundbreaking Next-Gen Trade initiative.

IUX Wins Best Trading Technology Provider 2025 Award at BrokersView, Setting New Standards with Next-Gen Trade

About the BrokersView Awards

The BrokersView Awards are among the most respected in the trading industry, recognizing brokers that demonstrate outstanding performance, transparency, and technological innovation. The Best Trading Technology Provider award is presented to brokers that go beyond industry standards to offer exceptional trading platforms with advanced features, robust execution speeds, and user-friendly interfaces.

IUX’s win reflects its relentless commitment to providing traders with superior trading tools and an optimized platform, setting a benchmark for excellence in the CFD trading sector.

“We are deeply honored to receive this recognition from BrokersView,” said an IUX spokesperson. “This award highlights the hard work and dedication of our team in creating a platform that empowers traders globally. We will continue to drive innovation and deliver exceptional value to our users.”

Next-Gen Trade: Powering IUX’s Award-Winning Technology

A significant factor in IUX’s recent success has been the launch of Next-Gen Trade, a comprehensive initiative aimed at redefining the trading experience. This customer-focused project delivers cutting-edge technology and empowers traders with tools designed for speed, stability, and precision.

Core Features of Next-Gen Trade:

Ultra-Fast Execution: Trades executed in as fast as 30 milliseconds, giving traders an edge in volatile markets.
Consistent Spreads: Advanced spread management technology ensures stable spreads, even during major market events.
Customer-Oriented Features: Tools and resources tailored to help traders navigate complex markets with ease.

Next-Gen Trade exemplifies IUX’s commitment to enhancing the trading experience, directly contributing to the platform’s recognition as Best Trading Technology Provider.

Looking Ahead

The Best Trading Technology Provider 2025 award represents a significant milestone for IUX but is just one step in the company’s journey. IUX remains committed to continuous innovation, focusing on enhancing the trading experience for its global user base through further advancements in initiatives like Next-Gen Trade.

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Learn about IUX’s advanced trading solutions: Visit IUX

About IUX

IUX, operated by IUX Markets Limited, is a leading online CFD trading broker —IUX is committed to providing a secure, transparent, and user-focused trading experience to traders worldwide.

Disclaimer

Trading CFDs involves significant risk of loss and is not suitable for all investors. Ensure you fully understand the risks involved before trading.