AI Insights · Timothy · April 2023
Top 5 Consumer Finance Apps on Android in Egypt for Q1 2023
NBE Mobile led the market with significant growth in active users, while BM Online saw notable increases in downloads towards the end of the quarter.
During the first quarter of 2023, the top five consumer finance apps on the Android platform in Egypt showed diverse performance trends. Here’s a closer look at their metrics, based on Sensor Tower data.
NBE Mobile experienced substantial fluctuations in weekly downloads. The app saw a peak of approximately 108K downloads in the first week of January. Active users increased steadily, reaching around 739K by the end of March.
BM Online recorded a significant rise in weekly downloads towards the end of the quarter, peaking at approximately 46K in mid-March and then 42K in the final week. Active users also showed a consistent upward trend, reaching about 178K by the end of March.
CIB Egypt Mobile Banking maintained a relatively steady download rate, with weekly downloads generally hovering between 5K and 8K. Active users remained stable, with a slight increase towards the end of the quarter, finishing at around 122K.
QNB Egypt Mobile Banking saw a gradual increase in weekly downloads, peaking at approximately 8K in the final week of March. Active users also showed an upward trend, reaching approximately 86K by the end of the quarter.
ALEXBANK Mobile Banking had a steady increase in weekly downloads, with a noticeable peak of around 4.2K in the third week of February. Active users showed a moderate increase, reaching approximately 62K by the end of March.
For more detailed insights and data, visit Sensor Tower.
