AI Insights · Timothy · July 2024
Q2 2024 US Android Market: Top P2P Payment Apps Performance
An overview of the top 5 peer-to-peer payments apps on the Android platform in the US for Q2 2024, showcasing downloads and active user trends. Insights provided by Sensor Tower highlight the dynamic P2P payment landscape.
In the second quarter of 2024, the US Android market for peer-to-peer (P2P) payment applications has seen varying trends in downloads and weekly active users. Data from Sensor Tower provides a snapshot of how these apps have performed.
Cash App experienced a fluctuating trend in downloads, starting at 269K in the first week of April and peaking at 313K by the fourth week. Weekly active users began at 7.95M, dipped to around 7.6M mid-quarter, but recovered to approximately 7.74M by the end of June.
Venmo saw a steadier download figure, averaging around 86K per week, with a notable increase to 97K in the second week of June. Active users numbered at 6.37M at the beginning of April and saw a mid-quarter decline before bouncing back to 6.3M by the end of June.
Zelle, offered by Early Warning Services, LLC, maintained download numbers in the range of 82K to 85K in the early weeks, with a slight increase to 89K in mid-June. Its weekly active users hovered around 370K throughout the quarter, indicating a relatively stable user base.
BOSS Money: Send Cash Fast showed a gradual increase in downloads, from 11K in the first week of April to over 15K by mid-June. Weekly active users saw modest growth from 36K to nearly 39K in the same period.
Lastly, Access Corrections by Keefe Group LLC, had downloads ranging from 3.5K to 4.2K, peaking in the first week of June. Active users were fairly consistent, starting at 26K and slightly decreasing to 25K by the quarter's end.
For more detailed insights and data on app performance, Sensor Tower's platform is the go-to resource for market analysis and trends.
