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Top 20 Finance Apps: After Black Friday, Mobile Payments Everywhere

Philip RyanbyPhilip Ryan
November 30, 2015
in Payments, Risk & Security
Reading Time: 2 mins read
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How did mobile payments do on Black Friday?

To look at the Top 20 free financial apps for the two dominant smartphone platforms, you’d think everyone was using mobile payments to do their holiday shopping. On Google Play, the Android Pay app continued its steady climb up the rankings to claim the No. 3 spot. In early November it stood at No. 10.

Apple Pay is not “app-based” — though at least one app exists to help you find Apple Pay-friendly locations. Infoscout reported 2.7% of iPhone users paid with Apple Pay on Black Friday.

Capital One Wallet, a separate app from the credit card and banking app, also entered the Top 20 for both iOS and Android.

Peer-to-peer payment apps remain popular, with PayPal, Venmo, and Square Cash essentially holding their positions in the Top 20. (Square Cash sent out a notification today that credit cards can be used to send money as well.) Xoom Money Transfer, a remittance service recently bought by PayPal, stands at No. 18 in the Android rankings, meaning three of the Top 20 finance apps for Android — Venmo is the third — are owned by PayPal. Wow.

One surprise was the app U by BB&T, which catapulted into the Top 20 with its mid-November update to version 1.4. The new app brings cashback rewards into the mix.

The democratization of investing was also evident in the rankings. Stash Invest — tagline: “Got $5? Now you can invest!” — a startup that got some high-powered media coverage upon its launch in October, entered the iOS rankings at No. 18, a spot ahead of competitor Acorns. Stash Invest has not yet launched on the Android platform, where Acorns owns the No. 14 spot.

The rankings, retrieved from App Annie at around 9 AM Eastern today, appear below.

iOS Google Play
1. Chase Mobile 1. Credit Karma
2. Bank of America Mobile 2. Chase Mobile
3. PayPal 3. Android Pay
4. Credit Karma 4. Bank of America Mobile
5. Wells Fargo Mobile 5. Wells Fargo Mobile
6. Capital One Mobile 6. PayPal
7. Venmo 7. Capital One Mobile
8. U by BB&T 8. U by BB&T
9. Square Cash 9. Google Wallet
10. Mint 10. Citi Mobile
11. Amex Mobile 11. GEICO Mobile
12. Discover Mobile 12. Venmo
13. Citi Mobile 13. Square Cash
14. GEICO Mobile 14. Acorns
15. USAA Mobile 15. Discover Mobile
16. Western Union Money Transfer 16. Amex Mobile
17. Capital One Wallet 17. Western Union Money Transfer
18. Stash Invest 18. Xoom Money Transfer
19. Acorns 19. Money Network
20. US Bank Mobile 20. Progressive
Tags: AcornsCapital & Fundingmobile paymentsP2PPayPalSquareSquare CashStash InvestVenmoXoom
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