Downloads of Square’s Cash App are pulling further ahead of Venmo, according to research by Instinet. Square caught up to PayPal-owned Venmo last year and has been pulling ahead since, according to Instinet brokerage analysts Dan Dolev and Conan Leon. Venmo recently said it has more than 40 million active accounts, which it defines as accounts that were used at least once in the past year. Read More...
Square is pulling further ahead of Venmo, boosted by reaching the underbanked
Downloads of Square’s Cash App are pulling further ahead of Venmo, according to research by Instinet. Square caught up to PayPal-owned Venmo last year and has been pulling ahead since, according to Instinet brokerage analysts Dan Dolev and Conan Leon. Venmo recently said it has more than 40 million active accounts, which it defines as accounts that were used at least once in the past year.
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