QoD: What's the top financial app in the App Store: Venmo, Cash App or PayPal?
Answer: Cash App
From App Annie (3/1/19):
- Why do you think these person-to-person apps are so popular (top 3 on the list)? When do you think people find these apps most useful?
- Do you have any finance apps on your phone? Why or why not?
- What do you think are the most important criteria in choosing which finance apps to use?
Behind the numbers (Motley Fool):
Square is treating the app as the hub of a larger ecosystem for consumer financial products. The company debuted a consumer-facing debit card, called Cash Card, to go along with the peer-to-peer payment app in 2017. Furthermore, CEO Jack Dorsey has said people are using the Cash App as they would a bank account -- storing money, directly depositing paychecks, spending, and withdrawing at ATMs.
Let's teach our students to be critical thinkers when it comes to finance apps. They take on the role of app reviewers in this NGPF Project: Online Tools and Apps
About the Author
Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.
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