Cash App, the fintech app owned by Jack Dorsey's Block, has launched a new "pay-over-time" deferred payment feature for P2P pay transfers. The feature allows eligible users to pay for their everyday transfers over an extended period of time, with a 7.5% fee. Transfers of $25 or more are eligible, and repayments can be made in weekly increments over a period of up to six weeks or as a single payment at the due date. The new feature is designed to add financial flexibility to customers who have different types of jobs and pay with less consistency than those in previous decades. The company's Global Head of Business, Owen Jennings, also highlighted the strong built-in protections designed to steer users away from financial trouble.