Venmo Beats the Banks To Win Top Spot Among iOS Finance Apps

  • Grace Noto
  • September 1, 2016
  • 2

No matter what time of year or how the economy is, mobile app users are concerned with their credit.

How else to explain the continuing reign of Credit Karma atop the finance mobile app heap? But the real surprise may be that PayPal’s P2P app Venmo is top dog among iOS apps, ahead of the apps of the nation’s largest banks. Venmo is growing rapidly, 140% over last year, according to PayPal.

Credit Karma retained its number one slot on Google Play for top finance apps this week, with PayPal and Chase Mobile following after in second and third place.
Meanwhile for iOS, last week’s king Stash Invest now comes in at number fifteen, with Venmo taking the top spot.

For Google Play, Venmo is fifth, right behind Bank of America’s mobile app, which Chase Mobile beat for third this week. Venmo is followed by Capital One Mobile and Square Cash in seventh and eighth, with GEICO Mobile and the Western Union Money Transfer app closing out the top ten.

The rankings, retrieved from App Annie at 3:30pm on August 31st, are as follows:


iOS Google Play
1. Venmo 1. Credit Karma
2. Chase Mobile 2. PayPal
3. Credit Karma 3. Chase Mobile
4. PayPal 4. Bank of America
5. Bank of America 5. Venmo
6. Wells Fargo Mobile 6. Wells Fargo Mobile
7. Square Cash 7. Capital One Mobile
8. Capital One Mobile 8. Square Cash
9. GEICO Mobile 9. GEICO Mobile
10. Citi Mobile 10. Western Union Money Transfer
11. Western Union Money Transfer 11. Google Wallet
12. Mint Money Manager 12. Experian-Free Credit Report
13. Amex Mobile 13. Citi Mobile
14. Progressive 14. Progressive
15. Stash Invest 15. Capital One Wallet
16. Discover Mobile 16. Discover Mobile
17. USAA Mobile 17. Every Dollar Budgeting
18. TD Bank 18. Stash Invest
19. U.S. Bank 19. Mint Personal Finance
20. PNC Mobile Banking 20. Amex Mobile
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