Question of the Day: How many of the top 5 finance apps can you name?

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Dec 13, 2020
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Question of the Day, Checking Accounts

Answer:

Questions: 

  • 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?

Here's the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (App Annie and Digital Trends with chart showing features of top 3):

With modern technology, there are plenty of great options for sending money to others. Sure, PayPal may be the best-known of these services, but it’s certainly not the only one. Google reorganized Android Pay and Google Wallet into a single service called Google Pay. Then there’s Venmo, which has skyrocketed in popularity, and Cash App, built by payment company Square.

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Want to learn more about fintech apps..be sure to check out the NGPF On-Demand: FinTech Apps. Build up your content knowledge on your own schedule at your own pace. 

 

About the Author

Tim Ranzetta

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.