Top 5 Finance Apps in the Middle East Q3 2023 Performance

The third quarter of 2023 saw significant activity in the Finance app category across the Middle East, with data from both iOS and Android platforms. Below is an overview of the top 5 finance apps, their weekly downloads, active users, and revenue trends.

AlRajhi Mobile experienced a notable increase in weekly downloads, starting from approximately 83K in late June and peaking at about 150K in the week of August 21. Weekly active users showed a slightly fluctuating yet overall upward trend, reaching around 4.07M by the end of September.

Alinma App - تطبيق الإنماء saw a dramatic rise in weekly downloads, particularly in September, where downloads soared from around 50K at the end of August to a peak of approximately 188K in the week of September 11. Active users also surged, growing from around 165K in late June to over 575K by mid-September.

For stc pay, weekly downloads were relatively stable, ranging between 61K and 89K throughout the quarter. Active users varied slightly but showed a general upward trend, ending the quarter at around 696K.

SNB Mobile maintained a consistent download rate, with weekly downloads fluctuating between 46K and 64K. Active users saw a steady increase, peaking at approximately 758K by the end of September.

alrajhi capital experienced varied download rates, with a significant spike to around 120K in early August. Active users consistently grew, reaching approximately 257K by the end of September.

These insights, derived from Sensor Tower's data, highlight the dynamic landscape of finance apps in the Middle East for Q3 2023. For more detailed insights, visit Sensor Tower.