Mobile Phone P2P Payment Users, by Platform, 2017-2022 (millions)
Zelle surpassed Venmo with the most users in 2018 according to eMarketer. 2019 estimates for the US mobile peer-to-peer landscape places Zelle in the lead with 35.7 million users, Venmo with 27.4 million users and Square Cash with 11.8 million users.
A mobile P2P payment is a transfer of funds from one individual to another individual using a mobile phone. Includes transactions made via mobile browser or applications developed by nonbank providers like Venmo, Square Cash, Google Wallet and Facebook Messenger and transactions made via mobile ... banking websites and apps developed by banks; excludes cross-border transactions.More
Estimates are based on the analysis of the market presence of major mobile payment players; estimates from other research firms; and consumer smartphone, mobile payment adoption and retail spending trends.