AI Insights · Timothy · July 2023
Top 5 Consumer Finance Apps in UAE Q2 2023: Unified Platform Performance
In Q2 2023, the top 5 consumer finance apps in the UAE showed varied trends in weekly downloads and active users, with no revenue reported.
During the second quarter of 2023, the top 5 consumer finance apps in the United Arab Emirates exhibited diverse performance trends. Here’s a detailed look at their weekly downloads and active users, based on Sensor Tower data.
ENBD X saw its weekly downloads fluctuate, starting at around 19K in late March and peaking at 55K in mid-June. Weekly active users demonstrated a steady increase, growing from approximately 144K at the end of March to over 251K by the end of June.
ADCB maintained a consistent download rate, ranging from about 9K to 14.5K throughout the quarter. Their active user base remained stable, with figures hovering between 183K and 200K, showing a slight increase mid-quarter.
FAB Mobile Banking experienced a slight decline in weekly downloads, starting at 13K in late March and dropping to 8.3K by the end of June. Active users, however, remained relatively steady, fluctuating around the 160K to 170K mark.
CBD - Instant digital banking had a varied download pattern, with a notable spike to 13.8K in early June before settling to 8K by the end of the month. Active users showed a modest increase, from approximately 98K in late March to 108K in mid-June before slightly dropping to 103K by the end of June.
RAKBANK App downloads peaked at around 13.7K in mid-April before gradually decreasing to 4.5K by the end of June. The active user count saw a steady rise from roughly 42K in late March to a peak of 54K in late May, followed by a decline to 45K by the end of June.
For more detailed insights and data, visit Sensor Tower.
