Online payment Reportedly, cash apps in the United States have seen a surge in usage. Payment apps like Cash App and Venmo have also seen a surge in users and activity, according to app analytics firm Apptopia. The reason behind this surge isn’t completely clear, but they're possibly driven by the movement necessity to support friends and family who are affected by the economic fallout, by sending them money in an effortless and safe (not in-person) way.
This was further facilitated by the US government enabling direct deposits of its stimulus payments to digital wallets such as Venmo and Cash App. But the problem is these apps only served BANKED users. There still remains a large segment of people who use mobile banking services very little or not at all – these are the “underbanked” and “unbanked.” Check disclaimer on profile and landing page