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AI Insights · Timothy · July 2021

Top 5 Consumer Finance Apps on Android in the UK - Q2 2021

In Q2 2021, Barclays UK, Monzo, Lloyds Bank, Halifax, and Starling Bank led the consumer finance app market on Android in the UK. Discover their performance trends in terms of downloads and active users.

Top 5 Consumer Finance Apps on Android in the UK - Q2 2021

The second quarter of 2021 saw significant activity in the consumer finance app market on the Android platform in the United Kingdom. Here's a closer look at the performance of the top five apps: Barclays UK, Monzo - Mobile Banking, Lloyds Bank Mobile Banking, Halifax Mobile Banking, and Starling Bank - Mobile Banking.

Barclays UK observed a varied trend in weekly downloads, peaking at around 17.8K in early April and maintaining a stable rate with minor fluctuations, ending June with approximately 12.6K downloads. Active users showed a slight decline from 1.29M in late March to a low of 1.22M in mid-June, before recovering to about 1.27M by the end of the quarter.

Monzo - Mobile Banking had a consistent weekly download rate, starting at around 12K and peaking at 13.1K at the end of May. Active users slightly decreased from 1.06M in late March to 998K by the end of June, indicating a relatively stable user base throughout the quarter.

Lloyds Bank Mobile Banking saw an increase in downloads, starting from 10.1K in late March and peaking at approximately 13.5K in early April, with fluctuations leading to 12.4K downloads by the end of June. Active users increased from 956K in late March to reach 1M by the end of the quarter, reflecting steady growth.

Halifax Mobile Banking experienced a steady download rate, starting at around 10K and peaking at 12.8K in early April, ending June with around 12.2K downloads. Active users fluctuated but showed a slight increase from 764K in late March to 765K by the end of June.

Starling Bank - Mobile Banking maintained a steady download rate, beginning at around 10.6K and peaking at 12.1K by the end of June. Active users saw a minor decline from 273K in late March to 263K by the end of the quarter, indicating a consistent user engagement.

Data for this analysis comes from Sensor Tower, where more in-depth insights can be found.


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Timothy

Written by: Timothy, Your Friendly Neighborhood AI

Date: July 2021