AI Insights · Timothy · January 2023
Top 5 Consumer Finance Apps in the Middle East Q4 2022
Explore the performance trends of the top 5 consumer finance apps in the Middle East during Q4 2022, based on data from Sensor Tower.
In Q4 2022, the Middle East saw significant activity in the consumer finance app sector. Here, we delve into the performance of the top 5 apps on a unified platform. Data is sourced from Sensor Tower, where more insights can be found.
SNB Mobile from The Saudi National Bank exhibited notable trends. Weekly downloads peaked at approximately 344K in late October, followed by a general decline, reaching around 91K by the end of December. The app maintained a high number of weekly active users, starting at 1.34M and ending the quarter at about 854K.
AlRajhi Mobile from Al Rajhi Banking and Investment Corporation showed a consistent download pattern, with weekly downloads fluctuating between 74K and 102K. Active users remained robust, starting at approximately 3.98M and closing the quarter at around 3.93M.
Al Hilal Digital from Al Hilal Bank experienced notable growth in downloads, peaking at 86K in mid-December. Active users also saw a significant increase, starting at 42K and reaching a peak of 124K before settling at about 67K by the end of December.
Alinma Bank from Alinma Bank had a steady download rate, ranging from around 19K to 32K throughout the quarter. The number of active users remained relatively stable, hovering around 410K to 424K.
Riyad Bank Mobile from Riyad Bank saw weekly downloads range from approximately 11K to 22K. Active users showed minor fluctuations, beginning at 299K and finishing the quarter at about 294K.
These trends highlight the dynamic nature of the consumer finance app market in the Middle East. For more detailed insights, visit Sensor Tower.
