Top 5 P2P Payment Apps Performance in the US, Q4 2020

As the fourth quarter of 2020 unfolded, the peer-to-peer payment landscape continued to evolve, with several apps showing significant user engagement. Data from Sensor Tower offers insights into the trends for the top P2P payment applications in the US.

Starting with Cash App, downloads began at approximately 709K in the last week of September and saw a peak of around 713K by the end of December. Weekly active users started at about 15.4M, dipping to 14.9M in early October but rebounded to over 16M by the year's end, indicating a healthy user retention rate.

Venmo showed a similar pattern, with downloads starting at nearly 449K and rising to 428K in the final week of December. The app's weekly active users experienced a decline from around 18M to 14.9M in the same period, suggesting a slight decrease in user activity towards the year's end.

Zelle maintained a consistent download rate, starting with 226K and slightly increasing to 236K by December. Its active users saw a minimal fluctuation, beginning at approximately 1M and ending the quarter with a similar figure.

BOSS Money: Send Cash Fast had a modest presence in terms of downloads, with around 12K in the first week of the quarter and a slight increase to 13K by the end. Active users saw a small but steady increase from 43K to 44K over the quarter.

Finally, Access Corrections downloads were nearly 8K at the start of the quarter, with a dip to around 7.6K in December. Weekly active users showed a slight increase from 50K to 52K, indicating a stable user base.

For more detailed insights and analytics, Sensor Tower's platform provides further data and analysis on the app economy.