Venmo Is the #1 Most Used Mobile Payment App
4-26-2017
In one of their latest surveys, LendEDU explored what Apps mobile payment users prefer over others. The survey questioned Millennials throughout the United States and wanted to know, “Which of the following mobile payment apps do you use most often?”
Reponses Included:
- Out of the total 2,170 Millennial surveyed, 65% reportedly use a mobile payment application.
- Out of these 65% of users, a clear majority of 68% use Venmo. A much smaller number of 22.8% answered, “My bank’s mobile payment app,” while only 6.9% responded “Other.” A mere 2.3% said they use Square Cash.
- The survey’s most significant finding was that a stunning 35% of respondents claimed that they do not use a mobile payment app at all.
Read more of the LendEDU survey here.
About ETA
The Electronic Transactions Association (ETA) is the global trade association representing more than 500 payments and technology companies. ETA members make commerce possible by processing more than $6 trillion in purchases in the US and deploying payments innovations to merchants and consumers. Learn more: www.electran.org.