Since coming onto the UK banking scene, a number of digital, app-only banks have made huge waves in attracting customers. During the fourth quarter of 2021, London-based neobank app Revolut was downloaded almost 605 thousand times from users in the United Kingdom across iOS and Google Play. One of the main reasons fueling the success of digital-based challenger banks has been the continued backing by investors. As of August 2021, both the Berlin-based N26 and the London born Monzo have received over half a billion U.S. dollars in funding.
Quarterly downloads of popular mobile-only banking apps in the United Kingdom (UK) from 1st quarter 2020 to 4th quarter 2021
Characteristic
Monzo
Starling
Revolut
Monese
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AppMagic. (February 14, 2022). Quarterly downloads of popular mobile-only banking apps in the United Kingdom (UK) from 1st quarter 2020 to 4th quarter 2021 [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/1121880/banking-app-daily-downloads-uk-mobile-banks/
AppMagic. "Quarterly downloads of popular mobile-only banking apps in the United Kingdom (UK) from 1st quarter 2020 to 4th quarter 2021." Chart. February 14, 2022. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/1121880/banking-app-daily-downloads-uk-mobile-banks/
AppMagic. (2022). Quarterly downloads of popular mobile-only banking apps in the United Kingdom (UK) from 1st quarter 2020 to 4th quarter 2021. Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/1121880/banking-app-daily-downloads-uk-mobile-banks/
AppMagic. "Quarterly Downloads of Popular Mobile-only Banking Apps in The United Kingdom (Uk) from 1st Quarter 2020 to 4th Quarter 2021." Statista, Statista Inc., 14 Feb 2022, https://www.statista.com/statistics/1121880/banking-app-daily-downloads-uk-mobile-banks/
AppMagic, Quarterly downloads of popular mobile-only banking apps in the United Kingdom (UK) from 1st quarter 2020 to 4th quarter 2021 Statista, https://www.statista.com/statistics/1121880/banking-app-daily-downloads-uk-mobile-banks/ (last visited September 01, 2024)
Quarterly downloads of popular mobile-only banking apps in the United Kingdom (UK) from 1st quarter 2020 to 4th quarter 2021 [Graph], AppMagic, February 14, 2022. [Online]. Available: https://www.statista.com/statistics/1121880/banking-app-daily-downloads-uk-mobile-banks/