Walmart unseated Starbucks as the most downloaded mobile pay app with 58 million users, according to a study from Cornerstone Advisors and StrategyCorps. The study said just over 44 million consumers have the Starbucks mobile app on their phones.
Amazon has 54 million mobile app customers, putting it second to Walmart. Millennials are one group that indexed well with Walmart as 30% of the younger Millennials (age 21-29) have the retail giant’s mobile app. Older Millennials (ages 30-38) rank higher with 36% having the Walmart mobile app.
When it comes to using the mobile device for payment, Amazon ranks the highest with 24% of users saying they often load funds on the app. Starbucks was No. 2 with 21% of users saying they often load funds for use on their mobile app.
Walmart is not far behind with 20% of users loading money on the app for payment. Other retail apps ranking high for mobile payment include Dunkin’ Donuts at 12%, Chick-Fil-A at 12%, Kohl’s at 11%, Uber at 11%, CVS at 10%.