The publishers of the Square Cash app are hoping that the Apple Watch will increase the use of its service that allows any iPhone/Apple Watch user to send cash to whoever they want.
The Square Cash app for Apple Watch complements the mobile app for iPhone. Square Cash for Apple Watch streamlines payments by enabling customers to send money using virtual stacks of cash in the form of $1, $10, $20, $50, or $100 bills through their Apple Watch. Users sign up with their debit card initially and then are set to use the service.
The app also provides actionable notifications, allowing the ability to approve and reject payment requests directly through the watch. Like the Square Cash app, Square Cash for Apple Watch also provides the option to send money to anyone nearby using Bluetooth LE technology.
Square Cash also offers secure, low-cost transactions to businesses seeking to get paid. With Square Cash, anyone can claim a unique, secure, and personalized $Cashtag that makes it easy to get paid online or offline too.
As some app publishers have struggled to find relevant ways to launch their apps on Apple Watch, Square Cash’s singular focus on making payments may just be a blueprint on how to “cash” in on the Apple Watch and other wearables.