Mobile payment applications: which are the best known?

Mobile payment applications which are the best known

Paying with your smartphone is easier than ever. Mobile payment apps offer consumers new ways to make payments with friends, buy products, use alternative currencies (like cryptocurrencies, for example), manage expenses, earn rewards and much more.
In this article, we list our favorite mobile payment apps. And we do it broadly: we’ve included digital purses, E-Commerce apps, cryptocurrencies, and peer-to-peer payment platforms.
All the data contained in this article has been taken from SimilarWeb’s platform.

PayPal

Mobile payment applications which are the best know - PayPal
 
This one you probably the most famous one we have on our list. PayPal is born in 1998. Today, this solution is used by more than 200 millions people.
With PayPal, in addition to making payments on a very high percentage of E-Commerce stores, you can send money to anyone who has a PayPal account worldwide. All you need is the recipient’s email address or mobile phone number.
The recipient of the money can use it almost immediately, or withdraw it to their bank account.

PayPal App (iOS – App Store USA):

Number of monthly downloads: 670 000
Average rate: 5.0 / 5.0

PayPal App (Android – Play Store USA):

Number of monthly downloads: 1 500 000
Average rate: 4.4 / 5.0

Google Pay

Mobile payment applications which are the best know - Google Pay
Google Pay (formerly known as Android Pay) is born from Alphabet’s company merging of Android Pay and Google Wallet.
Google Pay is a quick and easy way to pay online and in physical stores. With Google Pay, you can make payments in hundreds of E-Commerce stores without having to enter your payment details.
Google Pay Send, a peer-to-peer feature included in the app, has replaced the Google Wallet service. With Google Pay Send, just like with PayPal, you can pay anyone who has an email address or phone number. When you pay in stores, Google Pay shares an encrypted number (instead of your card details) with the merchant, giving you more privacy and security.

Google Pay App (iOS – App Store USA):

Number of monthly downloads: 72 000
Average rate: 5.0 / 5.0

Google Pay App (Android – Play Store USA):

Number of monthly downloads: 700 000
Average rate: 4.4 / 5.0

Venmo

Mobile payment applications which are the best know - Venmo
Venmo is a simple and fun app that belongs to PayPal. The project has been released in 2009. It allows you to send money quickly between friends and make purchases in online stores.
You can pay friends or family using the money you have in Venmo, or link it to your bank account or your debit card. It has a more “leisure” aspect, as it allows you to make comments to your friends and include emojis.
Venmo allows you to send money for free using your balance, bank account or debit card, completed within 1 to 3 business days. However, you can, since 2018, send money instantly, but a 1% fee is deducted from the amount of your transfer. However, credit cards are charged a 3% commission.

Venmo App (iOS – App Store USA):

Number of monthly downloads: 1 000 000
Average rate: 5.0 / 5.0

Venmo App (Android – Play Store USA):

Number of monthly downloads: 950 000
Average rate: 4.6 / 5.0

Facebook Messenger

Mobile payment applications which are the best know - Facebook Messenger
No, Messenger isn’t only a messaging app. You can do multiple things with it, including handling payments.
Messenger allows you to send or receive money, after adding a debit card or a PayPal account. Once the payment information has been added, you can create a PIN to ensure its security.
You can send or receive money in Messenger after adding a bank issued debit card or PayPal account to your account.

Facebook Messenger App (iOS – App Store USA):

Number of monthly downloads: 3 100 000
Average rate: 4.0 / 5.0

Facebook Messenger App (Android – Play Store USA):

Number of monthly downloads: 13 600 000
Average rate: 4.1 / 5.0

Skrill

Mobile payment applications which are the best know - Skrill
You can use the Skrill app to send money to friends and family, pay and play online or make quick and easy international payments to merchants.
It also allows you to store your credit and debit cards and bank details securely. You can send or receive money in 40 currencies in 200 countries.

Skrill App (iOS – App Store USA):

Number of monthly downloads: N/A
Average rate: 4.5 / 5.0

Skrill App (Android – Play Store USA):

Number of monthly downloads: 11 500
Average rate: 3.9 / 5.0

AliPay

Mobile payment applications which are the best know - AliPay
Developed by Alibaba and its co-founder Jack Ma, Alipay is the world’s largest mobile payment platform with more than 100 million daily transactions and more than 520 million active users (thanks for all of its Chinese users).
Its digital wallet, Alipay Wallet, includes a mobile application that allows consumers to make transactions directly from their mobile devices. It is available in 70 markets and has been adopted by more than 80,000 retail stores worldwide.

Alipay App (iOS – App Store China):

Number of monthly downloads: 4 100
Average rate: 3.0 / 5.0

Alipay App (Android – Play Store China):

Number of monthly downloads: 17 000 000
Average rate: 3.4 / 5.0

Cash App

Mobile payment applications which are the best know - Cash App
Cash App is an easy way to exchange, send, request and receive money. The application is owned by Square. Each time you receive a payment, you can keep the funds in your balance to withdraw or spend with your debit card or make a deposit into your linked bank account.
Sending money doesn’t cost anything. With Cash Boost, you can choose a location or category and get an instant refund every time you use your card.
Plus, you can buy and sell Bitcoin from the application in seconds. Cash App is currently only available in the US, but sooner or later it will reach Europe.

Cash App (iOS – App Store USA):

Number of monthly downloads: 2 000 000
Average rate: 4.5 / 5.0

Cash App (Android USA – Play Store USA):

Number of monthly downloads: 1 800 000
Average rate: 4.0 / 5.0
 
Here are some of the best mobile payment apps available on the market right now. Not all of these apps are available on every market.
Do you have some favorite ones? Do you use some of them in your E-Commerce store?
 

Image credit: Jose Thachil

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E-Commerce Nation is The 1st B2B Web Media about E-Commerce in Europe. The team of E-Commerce Explorers help businesses to reach new potential market through delivering useful content. Let us know in comment if you enjoyed this content.