AI Insights · Timothy · July 2022
Top 5 Finance Apps Performance in the UK for Q2 2022
In Q2 2022, the top finance apps in the UK saw varied trends in downloads and active users, with significant growth for some. Data provided by Sensor Tower.
Throughout the second quarter of 2022, the top five finance applications in the United Kingdom displayed notable trends in weekly downloads and active users. These insights, sourced from Sensor Tower, highlight the performance metrics of Chase UK, Revolut: Send, spend and save, PayPal - Send, Shop, Manage, Monzo - Mobile Banking, and Barclays UK.
Chase UK experienced a fluctuating trend in weekly downloads, peaking at approximately 315K in mid-May and then declining to around 26K by the end of June. Active users for the app increased significantly from 107K at the start of the quarter to nearly 435K by the end of June.
Revolut: Send, spend and save maintained a relatively stable download rate throughout Q2 2022, averaging around 65K weekly downloads. Active users for Revolut showed consistent engagement, with a slight increase from 1.24M at the beginning of the quarter to 1.25M by its conclusion.
PayPal - Send, Shop, Manage saw steady weekly downloads, ranging between 58K and 71K. Active users for PayPal fluctuated but remained robust, starting at 1.74M in late March and ending at approximately 1.70M by the end of June.
Monzo - Mobile Banking had a consistent upward trend in weekly downloads, with figures rising from around 54K in late March to over 76K by the end of June. The active user base for Monzo also displayed stability, averaging around 2.37M throughout the quarter.
Barclays UK maintained a steady download rate, hovering around 37K weekly downloads. The app's active user base saw a slight increase, growing from approximately 3.33M at the beginning of the quarter to nearly 3.40M by the end of June.
For more detailed insights and data, visit Sensor Tower.
