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In the first quarter of 2024, the top five finance apps on Android in Saudi Arabia demonstrated varying performance trends in downloads and active users, according to Sensor Tower data.
alrajhi bank saw weekly downloads fluctuate throughout the quarter, starting with 68K in the first week of January and peaking at 81K by the end of the month. Downloads then dropped to around 45K by mid-March before rising again to nearly 60K by the end of the quarter. Active users for the app remained relatively stable, beginning at 1.06M and experiencing a slight dip mid-quarter, before ending strong at approximately 1.1M.
stc pay experienced a consistent download rate, starting at 39K in the first week of January and gradually increasing to 45K by the end of March. The app's active user base remained steady, starting at 380K and seeing a minor increase to 419K by the end of the quarter.
SNB Mobile had a steady download rate, with weekly downloads ranging from 22K to 28K throughout the quarter. Active users for SNB Mobile started at 199K in January, experienced a dip to 176K in mid-March, and then rose again to 203K by the end of the quarter.
Tiqmo demonstrated significant volatility in downloads, beginning at 8K in the first week of January, spiking to over 45K in mid-February, and then stabilizing around 16K by the end of March. Active users saw a substantial increase from 26K at the beginning of the quarter to 107K by the end of March.
mada Pay maintained a consistent download rate, starting at 19K and peaking at 22K by the end of March. Active users for mada Pay showed a slight decline from 419K in early January to 394K by the end of the quarter.
For more insights and detailed analytics, visit Sensor Tower.