Teens Choose Apple Cash Over Venmo

Piper Sandler, Inc.:

  • For payment apps, Apple Pay ranked first, partly due to 87% of teens in the survey saying they have an iPhone
  • PYPLs Venmo ranked No. 2 (with the PayPal app No. 4) behind Apple Pay among payment apps used in the last month while SQs 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) →


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