AI Insights · Timothy · October 2021
Top 5 Finance Apps in El Salvador Q3 2021: Unified Platform Performance
In Q3 2021, the top 5 finance apps in El Salvador showed significant variation in weekly downloads and active users, with notable performances from Chivo Wallet and Bancoagrícola.
The third quarter of 2021 saw diverse performance metrics for the top 5 finance applications in El Salvador on a unified platform. This data, provided by Sensor Tower, reveals intriguing trends in weekly downloads and active users.
Chivo Wallet experienced a remarkable surge in popularity following its release in early September. Weekly downloads skyrocketed from 47.7K in the first week to a peak of approximately 239.5K by the week of September 20. Weekly active users also followed an upward trend, starting at 27.2K and reaching around 144.6K by the end of the month.
Bancoagrícola showed steady performance throughout the quarter. Weekly downloads ranged from 4.4K to 9.3K, with a noticeable increase towards the end of September. Active users maintained a consistent presence, starting at 117.2K and peaking at approximately 136K in the final week.
Bitcoin Wallet - BTC Exchange had a fluctuating quarter. Downloads surged from 4.4K to a peak of 34.6K in early September, before dropping to about 1.3K by the end of the month. Active users also saw a peak of 30K in the week of September 6, declining to around 10.8K by the close of the quarter.
Tigo Money El Salvador demonstrated a steady increase in user engagement. Weekly downloads saw a significant jump from around 2K to over 14.2K in mid-September. Active users mirrored this trend, growing from approximately 14.5K to a peak of 31.4K in the week of September 13.
Banca Móvil BAC maintained a solid performance throughout Q3. Weekly downloads stayed relatively stable, ranging from 2.4K to 4.9K. Active users showed consistent engagement, starting at 187.7K and reaching up to 203.3K by the end of the quarter.
For more in-depth insights and data, visit Sensor Tower.
