AI Insights · Timothy · July 2021
Top Finance Apps Performance in Saudi Arabia Q2 2021
In Q2 2021, the top five finance apps in Saudi Arabia showed varied performance in downloads, active users, and revenue. Insights by Sensor Tower reveal detailed trends for each app.
During the second quarter of 2021, the top five finance applications in Saudi Arabia exhibited diverse performance metrics across downloads and active users, as reported by Sensor Tower.
AlRajhi Mobile saw a fluctuating trend in weekly downloads, starting strong with around 94.5K in the first week of April and dipping to approximately 68.9K the following week. Downloads peaked again at 96.9K by the end of April, maintaining an average of around 83K-92K weekly downloads throughout the quarter. Active users for AlRajhi Mobile also varied, with a noticeable dip from 3.46M at the end of March to 3.20M mid-April, before recovering to approximately 3.54M by the end of June.
stc pay experienced a significant spike in weekly downloads during the second week of May, reaching 127.7K. However, this was followed by a decline, with downloads stabilizing around 53K-69K towards the end of June. Active users for stc pay showed a mixed trend, starting at 528K at the end of March, peaking at 625K in mid-May, and concluding the quarter at approximately 544K.
Emkan Finance had an impressive surge in downloads, particularly in mid-April, hitting 80.3K. The app's downloads then settled to a range of 35K-48K weekly by June. Active users followed a similar pattern, starting at 22.9K at the end of March and peaking at around 105.5K mid-April, ending the quarter with about 99.9K active users.
SNB AlAhli Mobile showed a relatively stable download trend, with weekly downloads ranging from 34.5K to 49.8K throughout the quarter. Active users for SNB AlAhli Mobile demonstrated a consistent increase, starting at 1.06M at the end of March and reaching approximately 1.04M by the end of June.
PayPal - Pay, Send, Save had a notable jump in downloads in mid-June, reaching 111K, a significant increase from the average 8K-15K range observed earlier in the quarter. Active users for PayPal also spiked in mid-June, peaking at 340K, up from around 164K at the end of March, before settling at 267K by the end of June.
For more detailed insights and data, visit Sensor Tower.
