Forecast of mobile-only bank app downloads worldwide 2015-2022, by bank

As of March 2021, the six app-only digital banks included in this statistic had almost 40 million IOS and Android app downloads combined. The most popular of these banks in terms of downloads is the London headquartered Revolut, which has opted for global expansion over a single market approach. As of June 2020, the banking app has been particularly popular in the United Kingdom (UK), Ireland, Romania and Poland. As of May 2020, both Monzo and Starling Bank appear to be accelerating in popularity in the UK, reaching as high as 6.6 thousand downloads per day.

Number of active customers

Due to multiple downloads and inactive customers, looking at the number of active customers as announced by banks could be deemed a more accurate depiction of customer growth. In February 2018, Revolut announced that they had hit 1.5 million customers, a figure that had grown to 10 million by February 2020. The incredible acceleration of new customers joining these online only banks has been mirrored by the Berlin-based N26, and fellow London headquartered Monzo.

Revolut forecast to continue skyrocket growth

Statista forecasts that between March 2021 and May 2022, due mainly to the introduction into the United States market, Revolut will continue to see strong growth. Statista also forecasts that Starling will overtake Monese for app downloads in the second half of 2021.