Estate planners and tax advisers must understand the tax and reporting rules for clients using P2P payment applications for business transactions and family transfers.

Afterpay is now undergoing a refresh, showing the platform’s capabilities through a new lens. For all US customers, the “Buy Now, Pay Later” ecosystem will now be known as Cash App Afterpay.

According to the research, traditional banks are not their first choice, with PayPal, CashApp and Visa being their top financial services brands. Gen Alpha is not as socially conscious as expected.