Teens Choose Apple Cash Over Venmo
- For payment apps, Apple Pay ranked first, partly due to 87% of teens in the survey saying they have an iPhone
- PYPL’s Venmo ranked No. 2 (with the PayPal app No. 4) behind Apple Pay among payment apps used in the last month while SQ’s Cash App ranked No. 3
Teen culture becomes mainstream culture, and this latest survey shows that US teens have flocked to Apple Cash as their peer-to-peer payment method of choice. I was surprised by the news, but shouldn’t have been. A vast majority of teens have iPhones, and Apple Cash is right there in the built-in messaging app. The default is a hell of a thing.
There are lots more interesting findings in the rest of the report.
Go to the linked site (Piper Sandler, Inc. // pipersandler.com) →