![]() The Statista Global Consumer Survey for the period between May 2019 and May 2020 placed PayPal on the throne. Nearly 30% of Americans used Venmo between May 2019 and May 2020. Banking payment apps like Quickpay came in second and were the top choice of about 13% of Americans. About 14% of US consumers aged 18 or older used this method. In the period between February 2017 and February 2018, Facebook Messenger was the most popular P2P payment app. These Venmo statistics show that the Venmo market share isn’t that impressive yet. These services were used by 12% and 10% of Americans over 18 years old, respectively. Venmo was among the top four most popular P2P payment apps among Americans in 2017-2018.Īpple Pay and Venmo rounded up the list of top-four most popular P2P payment apps in the US. This figure shows a 60% y-o-y jump compared to the $29 billion processed during Q4 the previous year. Venmo further processed about $47 billion in total payment volume in the final quarter of the year. This result reveals a 56% year-on-year jump. The service processed about $159 billion in total payment volume, which is higher than the $102 billion recorded in 2019. PayPal highlighted Venmo’s success in its operating results for 2020. Venmo recorded impressive results in 2020, having processed over $150 billion. Emoji are essential to the Venmo experience and what makes the service unique.Approximately 60% of Venmo customers are male.Over 7 million Venmo users belong in the 18-34 age group.The average Venmo transfer amount is $60.30% of small business owners haven’t even heard about Venmo.Venmo processed nearly $160 billion in total payment volume in 2020.Venmo had over 50 million active accounts in 2019.About 14% of adult Americans use Venmo for making P2P transactions.Keep reading and discover all about this innovative mobile payment application owned by the fintech giant PayPal. How many Americans use this service? Who uses it the most? What makes Venmo so popular among younger generations? We have all the answers and much more below. ![]() The market share of Venmo, therefore, has been slowly increasing and its P2P payments note record-high volumes. The latest Venmo statistics reveal that a growing number of millennials are using the app to transfer cash among themselves. A few years later, it was bought by Braintree and joined the PayPal family. Venmo hit the market in 2009 as a simple peer-to-peer mobile payment service. ![]()
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