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The third quarter of 2021 saw notable performance trends among the top 5 consumer finance applications on the Android platform in the United States. Here, we delve into the weekly downloads and active user metrics for Capital One Mobile, Truist Mobile, Chase Mobile, Current: The Future of Banking, and Varo Bank: Mobile Banking.
Capital One Mobile experienced fluctuations in weekly downloads, peaking at around 75K in early August and closing the quarter at approximately 73K. The app maintained a stable number of active users, starting the quarter at around 3.9M and ending with close to 4.1M.
Truist Mobile showed significant growth in weekly downloads, starting with just over 1.5K in early July and reaching approximately 116K by the end of September. Active user numbers surged from around 2K to nearly 449K throughout the quarter.
Chase Mobile maintained a consistent weekly download rate, fluctuating between 46K and 56K. The number of active users saw a steady increase, beginning the quarter at approximately 5.1M and ending at around 5.3M.
Current: The Future of Banking experienced a decline in weekly downloads, starting at around 66K in late June and dropping to approximately 28K in early September before recovering to about 65K by the end of the month. Active users demonstrated growth, rising from approximately 230K to nearly 268K over the quarter.
Varo Bank: Mobile Banking saw a steady increase in weekly downloads, beginning at around 34K and peaking at approximately 49K at the end of the quarter. Active users increased from around 124K to approximately 172K during the same period.
These insights are based on Sensor Tower data, and more detailed analytics can be found on the Sensor Tower platform.