Top 5 Finance Apps in UAE for Q2 2024: Performance Insights

The second quarter of 2024 saw notable performances from the top five finance applications in the United Arab Emirates on a unified platform. Here’s a detailed look at their weekly downloads, active user trends, and revenue, based on data from Sensor Tower.

ILOE by Dubai Insurance showed a strong increase in weekly downloads, peaking at 35.5K in late May. Active users also saw a steady climb, reaching 221.8K in late May before slightly declining to 204.9K by the end of June.

C3Pay from C3 Card started the quarter with 58.1K downloads in the first week of April, later stabilizing around 21K-29K downloads per week. Active users initially decreased, hitting a low of 78.3K in late April, but recovered to 114.2K by mid-June.

Taptap Send: Money Transfer by Taptap Send, Inc. maintained a consistent download rate, peaking at 25.4K in mid-June. Active users saw a gradual rise, starting at 37.7K in early April and reaching 45K by mid-June.

CBD - Instant digital banking from Commercial Bank of Dubai experienced a steady increase in downloads, hitting a high of 26.7K in mid-June. Active users also trended upwards, starting at 155.9K in early April and peaking at 186.9K by mid-June.

Mashreq UAE by Mashreq Bank PSC saw weekly downloads fluctuate between 14.9K to 19.9K, with active users remaining relatively stable, starting at 135.6K in early April and ending at 146.1K by the end of June.

For more detailed insights, visit Sensor Tower.