Q4 2023 Performance of Top P2P Payment Apps on Android in the US

As the year 2023 comes to a close, we've seen interesting trends in the peer-to-peer payment space on Android within the United States. Data sourced from Sensor Tower provides us with a comprehensive look at how these apps have fared in the fourth quarter.

Cash App maintained a strong presence with downloads fluctuating between 178K and 243K throughout the quarter. The app's weekly active users started high at 7.8M but saw a gradual decline, ending the quarter at 7.5M.

Venmo exhibited a similar pattern in downloads, with numbers ranging between 79K and 95K. Weekly active users peaked at 6.5M in late October but dipped to 5.5M by the end of December, indicating a slight decrease in user engagement over the holidays.

For Zelle, downloads stayed within a tighter range of 70K to 84K. The app's active users saw a modest rise from 364K to 372K in October but experienced a drop to 350K by year's end.

BOSS Money: Send Cash Fast had lower download numbers, starting at around 10K and reaching up to 15K. Weekly active users varied slightly, with an early quarter high of 32K and concluding the quarter at approximately 29K.

Lastly, PhonePe UPI, Payment, Recharge saw downloads between 4.8K and 6.4K, with weekly active users starting at 280K and ending the quarter around 283K, showing a relatively stable user base.

For more in-depth insights, Sensor Tower's platform offers a detailed analysis of the app market performance.