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FinTech Apps Outperform Traditional Finance Apps Amid Pandemic

According to a new report commissioned by the app marketing platform Liftoff and published by the mobile analytics platform App Annie, economic uncertainty surrounding the COVID-19 pandemic has spurred a 15% increase in finance app downloads, especially those related to investing, banking, cash transfers and government aid. Interestingly, consumers seem to be turning to FinTechs for these goals as mobile FinTech apps outperformed even the best traditional banking apps by 10.8 times.

View the entire report here.

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