Peer-to-Peer Payment Apps: US Market Trends in Q4 2023

Cash App

Cash App experienced fluctuating download numbers throughout Q4 2023, starting with approximately 530K downloads in the last week of September and seeing a dip to around 480K by the year's end. Weekly active users peaked at nearly 24M in late October, with a general downward trend closing the quarter at around 20M.

Venmo

Venmo downloads also saw a decline, from 341K in late September to roughly 271K by Christmas week. Its active user base reached over 18M in early October and late November, but this figure dropped to about 16M users by the end of December.

Zelle

Zelle maintained a relatively stable download rate, starting at 265K and slightly decreasing to 233K by the close of Q4. The weekly active users showed slight volatility but remained within the range of 1.1M to 1.2M throughout the quarter.

BOSS Money: Send Cash Fast

The BOSS Money: Send Cash Fast app had a varied quarter, with downloads peaking at nearly 20K in mid-October and ending the period at around 14K. Active users hovered between 45K and 49K, showing a slight downward trend by December 25th.

OPay-We are beyond Banking

OPay-We are beyond Banking saw its downloads start at approximately 11K in late September, dipping to around 8.4K by the year's end. Active users started at around 139K, dipped to near 125K in mid-November, and ended the quarter with a slight rise at around 128K.

For more detailed insights into the performance of peer-to-peer payment applications and other mobile app analytics, visit Sensor Tower.