AI Insights · Timothy · January 2023
Top 5 Finance Apps Performance on Unified Platform in Saudi Arabia Q4 2022
Explore the performance of the top 5 finance apps in Saudi Arabia during Q4 2022, including trends in downloads, active users, and revenue.
The fourth quarter of 2022 saw significant activity in the finance app sector in Saudi Arabia. Here’s a detailed look at the performance of the top five finance apps on a unified platform, with data sourced from Sensor Tower.
SNB Mobile experienced a notable trend in weekly downloads, starting at 196K in late September and peaking at approximately 342K in the week of October 24. However, downloads saw a decline towards the end of the year, finishing at around 89K in the last week of December. The app's weekly active users mirrored this trend, beginning at 1.33M and decreasing to 838K by the end of December.
urpay showed varied download patterns, with a significant spike to 334K in the week of November 21. Despite this peak, downloads dropped to around 42K by the end of December. Active users saw a similar peak, reaching 937K in the same week, before settling at 756K in the final week of December.
AlRajhi Mobile maintained relatively stable download numbers, ranging from 71K to 117K throughout the quarter. Active users fluctuated slightly, starting at 3.95M and closing the quarter at 3.89M, with minor ups and downs in between.
stc pay had a consistent download trend, with weekly downloads varying between 66K and 87K. Active users saw a steady pattern as well, beginning at 722K and ending at around 659K by the end of the year.
Mobily Pay showed an interesting pattern in downloads, peaking at 104K in the week of October 10 before dropping and stabilizing around 28K by the end of December. Active users followed a rising trend, starting at 15.7K and reaching 162K by the end of December.
For more detailed insights and data, visit Sensor Tower.
