Financial Management Android Apps See 46% User Growth in H1 2022 / Digital Information World

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Apps that allow you to manage your money by investing it in various assets have become extremely popular in the wake of the pandemic due to the fact that it’s the kind of thing that could potentially help people keep their savings intact at the moment. amid inflation and economic hardship. . However, apps that focus on budgeting and expense management are enjoying even greater popularity given the rising costs of goods and services in markets around the world.

With all that said and now dismissed, it’s important to note that apps designed for financial management services saw a 46% increase in users in the first half of 2022. This insight comes from an analysis that has was led by Application Radarand it reveals that many more Android users are downloading money management apps in 2022 than they were the year before.

A total of 6 million new users downloaded such Android apps in the first half of 2022, everything was considered and taken into account. This represents a healthy 7% year-over-year growth rate from the second quarter of 2021, and it suggests that tough financial times are forcing many consumers to use tech solutions to deal with their money troubles. .

Many apps that offer money management to users have seen their lifetime downloads double this year alone. Chase UK has a grand total of just over 436,000 lifetime downloads, including just under 402,000 in 2022 alone.

Even well-established apps like Revolut have seen incredible growth. More than 18% of Revolut’s nearly 21 million downloads occurred in the previous six months, and this trend holds true for all other apps in this industry, with none seeing a downward trend.

Finance and investment related apps are on the rise, and this bodes well for the future as it suggests that people will be able to become more responsible with their money. This could help ease the economic burden on so many people.

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