Snapchat to shut its payment service Snapcash after 4 years
Photo-sharing app Snapchat is shutting down its digital payments service Snapcash next month on August 30 after four years of its launch. "Yes, we're discontinuing the Snapcash... our first product created in partnership with another company, Square," a spokesperson confirmed. Launched in 2014, Snapcash allowed users to send money to friends' bank accounts without leaving the app.