In the second quarter of 2025, Venmo’s total payment volume showed a year-on-year growth of about **** percent. The payment method had ***** billion USD worth of TPV at the end of this quarter, compared to ***** billion U.S. dollars in Q1 2025. Venmo is a U.S.-based digital wallet service owned by PayPal. According to a February 2022 survey of online payment users in the United States, ** percent of respondents had used Venmo in the past 12 months. Parent company PayPal ranked first with a U.S. audience reach of ** percent.

Venmo adoption for online payments in the United States was higher in Q1 2025 than it was in early 2020, signaling a growing use among consumers. This is according to two different questions asked throughout multiple surveys from Statista's Consumer Insights. The numbers shown here refer to the share of respondents who indicated they used Venmo in the past 12 months, either for POS transactions with a mobile device in stores and restaurants or for online shopping. None of the respondents from the United States indicated they had used Venmo in a POS setting between April 1, 2024, to March 27, 2025 - with ***** out of 10 respondents saying they used Venmo during this same time for online payments. As of Q1 2025, ***percent of respondents reported using Venmo for online payments.

The market share of Venmo in the United States was significantly higher than most other countries in the world. This according to estimates based on website tracking and the technologies used within them, focusing solely on Payment Acceptance and Payment Processing. Note that the percentages, especially, are estimates due to categorization. Nevertheless, it provides an insight in the high use of Venmo in the United States but also the importance of the mobile payment brand in, for example, Latin America. According to estimates, nearly **** percent of merchants in Venezuela with at least one Payment Acceptance or Payment Processor technology up to February 2024 had Venmo on their website.

Venmo users in the United States made up roughly ** percent of respondents in 2025, and were likely to come from a **** income. This is according to questions asked in Statista's Consumer Insights, focusing on what payment services consumers used in the past 12 months. The typical user profile of a Venmo user in the United States was that they were ******, were roughly ******** years old, and fell in the ******* quantile in terms of income.

Mobile payments apps are used by more than two billion people globally, with millions more coming online each year. In India, South-east Asia and South America, the younger generation skipped the...

Nearly half of websites worldwide that use Venmo as a check-out option in 2023 came from the United States. This according to data from an intelligence tool that tracks the adoption of certain technologies. The figure for the United States alone is higher than all of Europe combined, with only the United Kingdom and Australia boasting noticeable figures. Why this is the case is not immediately clear, as Venmo is only available to U.S. residents. The number of websites shown here for Germany, for instance, does not indicate Germans are using Venmo.

PayPal is the most popular digital payment service in the United States with a brand awareness of 91 percent. Second on this list are two other American brands, Venmo and Apple Pay. Both brands are recognized by 81 percent of U.S. respondents, followed by Google Pay. Fifth on this list is Amazon Pay, that was launched in 2007.

For this study, brand awareness was surveyed employing the concept of aided brand recognition, showing respondents both the brand's logo and the written brand name.

Interested in more detailed results covering all brands of this ranking and many more? Explore GCS Brand Profiles. These statistics show results of the Brand KPI survey.

In a January 2021 survey in the U.S., five times more respondents stated they have at some point used PayPal than Apple Pay. PayPal is indeed a well-known brand in the United States, even more so than its own subsidiary Venmo. Regardless, the user base of digital payment methods grew in 2020. PayPal's users worldwide - tracked by way of active registered accounts - continued to increase in 2020, growing by nearly ** percent y-o-y in the fourth quarter of 2020. At the same time, global iPhone users that activated Apple Pay grew by more than ** million people in 2020.

PayPal Holdings, Inc. operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies. PayPal Holdings, Inc. was founded in 1998 and is headquartered in San Jose, California.

The global P2P payment market size is predicted to grow from USD 4.12 trillion in 2025 to USD 16.67 trillion by 2035, supported by CAGR gains over 15%. Key stakeholders in the industry are PayPal, Block, Venmo, Zelle, Revolut, leading innovation and setting industry benchmarks.

UPI in India and Pix in Brazil together reached nearly *** billion transactions in 2024, making them the largest brands in real-time payments. RTP is especially common in Asia-Pacific. Transactions in India are almost **** times higher as in China. Systems in the United States – such as the privately owned Venmo and Zelle in the United States, or the public interbank system of Faster Payments in the UK – are much smaller in comparison. Real-time payments generally have two main characteristics that make them appealing: One, as the name suggests, payments can be initiated and settled almost immediately, allowing consumers, businesses, bank to send and receive money across the world within minutes. Two, these schemes are not bound to the opening times of a bank, and are available “24/7” and 365 days in the year. These traits matter especially to countries with a complex payment market that need to be digitalized.

The most used digital wallets in the United States typically originate from within the country, with only one app reaching a MAU of more than *** *******. This is according to a ranking of the biggest apps that can function as a digital wallet for payments, based on a minimum of ****** monthly active users (MAU). Almost all popular wallets in the U.S. come from the country itself, with the likes of Venmo and Zelle being only available to this particular country. Nevertheless, digital wallets are typically not a popular payment method at POS in the United States.

Apple Pay adoption for in-store payments in the United States was slightly higher in 2024 than it was in early 2020, signaling a growing use among consumers. This is according to two different questions asked throughout multiple surveys from Statista's Consumer Insights. The numbers shown here refer to the share of respondents who indicated they used Apple Pay in the past 12 months, either for POS transactions with a mobile device in stores and restaurants or for online shopping. ** percent of the respondents from the U.S. who used mobile payments indicated they had used Apple Pay in a POS setting between December 2023 and December 2024 - with an additional ** percent saying they used Apple Pay during this same time for online payments. This was below Apple Pay use rates in other countries. Apple Pay vs. other U.S. payment methods Apple Pay faces much competition in the United States in online payments. PayPal was used by nearly one out of 3 total respondents in the country, for instance, in Q4 2024 - or * out of 10 respondents who used online payment methods. Apple Pay ranked slightly lower than Venmo in U.S. online payments, with * out of 10 respondents using it between December 2023 and December 2024. That said, Apple Pay and PayPal share a similar penetration when it comes to mobile proximity, or contactless, payments. U.S. mobile POS payments are expected to get closer to credit cards Apple Pay usage is linked to the overall growth of mobile payments and digital wallets in the United States. By 2027, wallets are expected to be the second-most used payment method in United States POS transactions. Credit cards - traditionally the most used payment method in U.S. brick-and-mortar shops - are to remain in the lead, but the gap would close significantly between 2023 and 2027.

The statistic gives an insight on the usage rate of digital checkout point for online shopping in France in 2019. Most of the payments (** percent) were carried out via mobile wallets, for example through digital payment applications such as Apple Pay, Android Pay or Venmo. The second channel of procurement and payment was stated by ** percent of the respondents to be social networks, followed by messaging apps (***** percent).

The top merchant acquirers in the United States consisted of Chase and Fiserv - a conglomerate that includes Citi, Santander and BBVA, among others - in 2023. Based on total purchase transactions, both two companies had a number of over ** billion. FIS or Worldpay is the only other company with over ** billion of transactions processed. Payment card acquisitions In such transactions, the acquirer is a bank or financial institution that processes credit or debit card payments for products or services of a merchant. Credit or debit cards are the preferred payment method for the majority of people in the United States. This market has particular growth potential in the developing world, where the number of non-cash transactions is projected to increase significantly in the coming years. Credit card flexibility New technologies are making credit card use easier, but they also provide alternatives. Mobile wallets such as Apple Pay and PayPal are increasingly commonly accepted by North American retailers. These generally make use of a credit card, but other mobile payment methods such as Venmo use direct bank transfers. To keep from losing market share to the banks, credit card companies might need to find a way to enter the peer-to-peer market.

Fintech companies headquartered in the ************* and ***** lead the ranking of the largest fintech companies worldwide by market capitalization. As of February 2025, the two largest companies were the payment companies Visa and Mastercard, both headquartered in the United States, with a market capitalization of roughly ***** and ***** billion U.S. dollars, respectively. Shopify ranked third, and Intuit ranked fourth with a market capitalization of *** billion U.S. dollars. European-headquartered fintechs, such as Adyen and Checkout.com, were also among the top fintech companies by market capitalization. United States: the land of unicorns The fintech sector is famous for being filled with successful companies that have turned into unicorns. The term unicorn refers to a privately held startup company that has a valuation that exceeds *** billion U.S. dollars. The United States had not only the largest fintech companies, but also the highest number of fintech unicorns. In addition, ***** out of the *** most valuable fintech unicorns were headquartered in the United States. Mobile payment trends and market penetration Mobile payment solutions are gaining traction globally, with some services showing strong regional preferences. Venmo, a U.S.-based digital wallet owned by PayPal, demonstrated an ***** percent year-on-year growth in total payment volume, reaching ** billion U.S. dollars in the first quarter of 2024. While Venmo's market share is highest in the United States, it has also gained significant traction in Latin America, with nearly **** percent of Venezuelan merchants integrating Venmo into their websites. This trend highlights the growing importance of mobile payment solutions in both developed and emerging markets.