Home / FinTech / Mobile Finance Report 2020 benchmarks banking and payment apps

Mobile Finance Report 2020 benchmarks banking and payment apps

Adjust and Apptopia (an app intelligence provider) have published their Mobile Finance Report 2020, which paints a picture of the overall health of finance apps in 2020. This includes a look at the impact of the COVID-19 pandemic on consumer behavior patterns and the industry as a whole. The key findings of the report are:

  • Activity in investment apps that allow users to trade stocks directly from their smartphones is growing, with an average growth of 88% from January 2020 through June 2020.
  • Emerging markets are driving global growth as they view FinTechs less as disruptors and more as filling a much-needed gap.
  • The number of sessions spent in payment apps is up nearly 50% globally, with users increasingly using mobile devices to comply with social-distancing requirements.
  • Sessions for banking and payment apps combined has increased 26% on average.
  • Super-apps remain one of the top trends, especially in Asian markets.

 View the full report here.

  • Categories

  • Main topics