In 2018, Cash App extended its services to include customers in the UK, and more recently, the company rolled out bitcoin-enabled transfers. Designed as a mobile money app that allows users to send domestic money transfers to one another effortlessly, Cash App usage is booming, and it has become one of the biggest of its kind with more than 30 million monthly users. At the time of writing, the company’s estimated net worth is valued at $327 billion USD, with 400 million users.Ĭash App, by comparison, was set up in 2013, 15 years after PayPal came onto the scene.

In 2021, PayPal’s services now cover everything from online credit to cryptocurrency and merchant payment solutions. Originally the company was designed to be a simple electronic alternative to paper payment methods such as cash, cheque and money orders. We will kick things off by looking at Paypal, a company that began in December 1998, before the internet made it possible to digitally reimburse friends and family.

Both companies were incorporated in the United States and have successfully developed user-friendly mobile applications. In this comparison we will be weighing up the diverse money transfer services offered by two huge FinTech companies, PayPal and Cash App.

Pay pal to cash app