Gen Z uses these payment apps the most, so you might have some inside information on which is most popular. 

Answer: From data.ai (10/17/22)

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

Behind the numbers (Pew Research): 

When asked what motivates them to use these sites or apps, users most frequently point to ease. Roughly six-in-ten Americans who have ever used PayPal, Venmo, Zelle or Cash App (61%) say a major reason for doing so is because it makes paying for things easier.

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Let's teach our students about the rise of peer to peer payment apps with the FinCap Friday: Peer-to-Peer Apps Go Head-to-Head

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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.

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