AI Insights · Timothy · April 2024
Top 5 Consumer Finance Apps in UAE: Q1 2024 Performance
An overview of the performance of the top 5 consumer finance apps in the UAE for Q1 2024, based on data from Sensor Tower.
The first quarter of 2024 saw varied performance across the top 5 consumer finance apps in the United Arab Emirates, as tracked by Sensor Tower. Here's a detailed look at their weekly downloads, active users, and revenue trends on the unified platform.
Mashreq UAE showed consistent activity in weekly downloads, starting with 28K at the beginning of January and fluctuating to a low of 14.4K before climbing back to 21.1K by the end of March. The app maintained a strong user base, with weekly active users ranging from 120K to 139K throughout the quarter.
CBD - Instant digital banking experienced fluctuations in weekly downloads, peaking at 27.9K mid-January and closing the quarter at 12.8K. Active users showed a positive trend, starting at 135K and peaking at 158K by the end of February.
ADCB maintained a steady download rate, with numbers ranging between 15.5K and 18.6K per week. Active users remained robust, starting at 241K in early January and reaching 261K by the end of March.
ENBD X saw a gradual decrease in weekly downloads from 18.2K in early January to 12.2K mid-March, before a slight recovery to 14.4K. Active users remained high, peaking at 478K by the end of March.
Al Hilal Digital experienced a notable spike in downloads mid-January with 18.1K, before stabilizing around 9.8K by the end of the quarter. Active users showed fluctuations, peaking at 113K mid-January and ending the quarter at 96K.
For more detailed insights and data, visit Sensor Tower.
