Performance of Top Peer-to-Peer Payments Apps on Android in the US for Q1 2021

The digital payment space has been bustling with activity, and Sensor Tower's data provides us with a glimpse into the performance of top peer-to-peer payment apps on the Android platform in the United States during the first quarter of 2021.

Cash App, by Block, Inc., maintained a strong user base, with weekly active users peaking at nearly 6.9M in late January. Although downloads fluctuated, the highest peak was observed at the end of February with over 300K downloads. The trend in active users saw a notable increase in late January, followed by a decline and a slight recovery towards the end of March.

Venmo also showed a consistent user engagement, with weekly active users growing from around 5.3M at the beginning of the quarter to over 6.1M by the end of March. Downloads for Venmo saw a peak in early February at approximately 169K but generally maintained a steady trend throughout the quarter.

Zelle, powered by Early Warning Services, LLC, experienced a steady download rate with a slight increase in mid-March, reaching over 100K downloads. The app's weekly active users saw a gradual increase, starting at around 428K and ending the quarter with nearly 400K active users.

BOSS Money: Send Cash Fast from Boss Revolution had more modest figures in comparison, with downloads reaching a peak of around 7.7K in late March. Weekly active users saw a slight uptick, closing the quarter with about 21K users.

Lastly, PhonePe UPI, Payment, Recharge, despite being an Indian-based app, showed an interesting trend in the US market. Downloads saw a significant jump in late February, reaching over 5K. Active users progressively grew throughout the quarter, from around 24K to over 48K by the end of March.

For further insights and detailed analytics on app performance, more information can be found through Sensor Tower's comprehensive data services.