Top 5 Consumer Finance Apps in Egypt Q2 2022 Performance

The second quarter of 2022 saw varying trends in the performance of the top 5 consumer finance applications in Egypt. Based on data from Sensor Tower, here is a detailed look at their weekly downloads and active users.

NBE Mobile from the National Bank of Egypt experienced a notable fluctuation in weekly downloads. Starting strong at approximately 61K downloads in late March, it saw a gradual decline, stabilizing around 21K-22K by the end of June. In terms of active users, the app started with 225K and experienced a slight decline to around 193K by the end of the quarter.

BM Online from Banque Misr also showed an interesting pattern. Weekly downloads peaked at around 84K in early April but saw a significant drop, settling at approximately 13K by the end of June. The app maintained a relatively stable active user base, with numbers hovering around 190K to 254K throughout the quarter.

CashKateb from Cassbana B.V. had a varied download trend. Starting with around 11.8K downloads in late March, it saw a dip and then an increase, peaking at 14K in early June before settling at around 7.9K by the end of the quarter. The active users for CashKateb showed an upward trajectory, starting at 6.2K and reaching approximately 12.7K by late June.

CIB Egypt Mobile Banking from CIB Egypt showed a steady performance in downloads, starting with around 11K in late March and fluctuating slightly to stabilize at around 9.7K by the end of June. The app's active user base started at 188K, peaking at 218K by the end of the quarter, demonstrating a consistent upward trend.

QNB Egypt Mobile Banking from QNB had a more stable download trend. Beginning with approximately 9.6K downloads in late March, it saw minor fluctuations and ended the quarter with around 9.2K downloads. Active users for QNB Egypt Mobile Banking started at 68K and showed an increase, reaching about 74K by late June.

For more insights and detailed analysis, visit Sensor Tower.