'Cash App'

A Warwickshire Secondary School recently contacted Warwickshire Trading Standards with a safeguarding matter after finding a 14 year old pupil in possession of a large amount of money. The child reported that he had 'earned' the money by signing his friends up to a payment app called 'Cash App' operated by Square.

The app can be downloaded from Apple's App Store and Google Play. The child stated that all his friends had to do was to provide a mobile number and bank account details to sign up and all parties then received a cash bonus (no age ID required).

Trading Standards has raised the issue with the Financial Conduct Authority (the Regulator), as they believe that in the UK, children, and young people under the age of 18 should not be able to sign up to the service. Something to be aware of.