AI Insights · Timothy · April 2024
Top 5 Finance Apps Performance in UAE - Q1 2024
In Q1 2024, the top 5 finance apps in the UAE saw varied trends in downloads and active users, with some apps experiencing significant growth.
During the first quarter of 2024, the top 5 finance apps in the United Arab Emirates displayed diverse performance trends in terms of weekly downloads and active users. Here’s a detailed look at their metrics:
Mashreq UAE saw its weekly downloads starting strong at 28K in the first week of January, followed by a gradual decline to 14.4K by mid-February. However, the app rebounded to 21.1K by the end of March. Active users fluctuated slightly, beginning at 131K and experiencing a peak of 139K in mid-March before settling at 137K by the end of the quarter.
ADCB Hayyak demonstrated a consistent upward trend in both downloads and active users. Weekly downloads increased from 15.9K at the start of January to 24.8K by the end of March. Similarly, active users grew from 56K to 72K over the same period.
CBD - Instant digital banking experienced a peak in downloads mid-January at 27.9K, but numbers decreased to 12.8K by the end of March. Active users also saw a slight decline from 151K in mid-January to 141K by the end of the quarter.
Taptap Send: Money Transfer showed a significant increase in downloads, starting at 14.4K in early January and reaching 23.3K by the end of March. Active users followed a similar trend, starting at 22K and increasing to 34K by the end of the quarter.
ADCB maintained steady download numbers, ranging from 15.5K to 18.6K throughout the quarter. Active users remained robust, starting at 241K and peaking at 261K by the end of March.
For more detailed insights and data, visit Sensor Tower.
