Question of the Day: What is the most popular finance app in the IOS (iPhone) Store?

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Dec 19, 2018
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Question of the Day, Checking Accounts, Research, Teaching Strategies, Payment Types

Answer: Cash App (Square)

From App Annie (December 12th 2018)

Questions:

  • How comfortable are you using financial apps on your smartphone? 
  • How many of these apps do you currently use? plan to use in the future? 
  • How would you group these apps into different categories? 
  • Are there any financial apps not listed here that you use? 

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

Behind the numbers (Motley Fool)

Square's (NYSE:SQ) Cash App started as just another way to send friends money, like PayPal Holdings(NASDAQ:PYPL) Venmo. But as it added more features, it broadened its appeal. And last month, downloads of Cash App surpassed those of Venmo, a milestone that's a testament to the momentum Square has created around the app.

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Have your students analyze these apps as part of our Online Tools and Apps Activity or have them explore person-to-person payments in this NGPF activity

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.