Name: Finance App Report 2024
Creator: Business of Apps
Published: 2024-10-03
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

This in-depth report delivers a complete overview of the finance app market, highlighting detailed charts on market trends, performance metrics, market share, engagement rates, and benchmarking comparisons. It offers valuable insights into the growth and changing dynamics of the finance sector.

What is the market size for the mobile payments app industry?

The mobile payments industry generated $20.8 billion in 2023, a 13.6% increase on the previous year. The vast majority of revenue in this industry is made from processing fees, a very small percentage of the total transaction cost, billed to banks or merchants.

Apple Pay and Google Pay are the largest providers of these mobile payments in Europe and North America. In China, AliPay and WeChat Pay run a duopoly. Several countries have their own national payment systems, with several apps competing for market share. India and Brazil are two of the largest of these markets.

Which segment of the mobile finance industry generates the most revenue?

Neobanks are the largest segment of the mobile finance industry. In 2023, the segment generated $33.5 billion revenue. Neobanks are banks without any physical presence, and usually operate in several countries.

Cryptocurrency exchanges made slightly more total than neobanks in 2023, but a decent percentage of the segment’s market size comes from non-mobile activity.

Which cryptocurrency exchange has the most market share?

Binance has the most market share out of all cryptocurrency exchanges, with 35% of the total market. Not only does Binance have a lot of institutional investors, but outside of the US it is the most popular cryptocurrency exchange with individual investors.

Coinbase is the second largest cryptocurrency exchange. It also has a fair share of institutional investors in the US, but has less total users than Binance.

How many people have used buy now, pay later apps?

Over 300 million people used buy now, pay later (BNPL) apps in 2023. The rate of growth in this industry has slowed down since the pandemic.

Klarna has 85 million active users, making it the most popular BNPL app. However, a larger percentage of people used built-in BNPL services from Apple, Amazon and other retailers in 2023, rather than a third-party service.

What was the most downloaded finance app in 2023?

PhonePe was the most downloaded finance app in 2023, with 142 million downloads. It is the most popular mobile payments method in India. The three other popular payments apps, Paytm, Google Pay and MyJio, were 2nd, 3rd and 4th.

PayPal was the most downloaded finance app outside of India, with 66 million downloads.

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Table of contents

Finance App Financials
Finance App Market Share
Finance App Usage
Finance App Downloads
Finance App Demographics
Finance App Benchmarks

The Finance App Report – Research, Insights and Statistics is provided as downloadable PDF document with all data presented as charts and tables, so you can easily extract graphics and individual data. It provides an overview of the Finance App sector’s financials, usage, downloads, market share, demographics, and benchmarks.

What’s included?

Document: PDF
Charts: 118
Data Points: 2666
Pages: 124

The Finance App Report – Research, Insights and Statistics has been assembled by our in-house team of analysts at Business of Apps. We believe this is the most comprehensive report available on the Finance app market. If you have any questions get in touch data@businessofapps.com.

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List of Charts:

Mobile Payments Market Size
Mobile Payments Market Size Forecast
Mobile Payments Transaction Volume
Mobile Payments Market Size by Region
Mobile Banking Market Size
Mobile Banking Market Size Forecast
Mobile Banking Revenue by App
Mobile Banking Revenue by Type
Stock Trading App Market Size
Stock Trading App Market Size Forecast
Stock Trading App Transaction Volume
Stock Trading Revenue by App
Cryptocurrency Exchange Market Size
Cryptocurrency Exchange Market Size Forecast
Cryptocurrency Exchange Revenue by App
BNPL Market Size
BNPL Market Size Forecast
PayPal Revenue
Revolut Revenue
Cash App Revenue
Klarna Revenue
Robinhood Revenue
Chime Revenue
NuBank Revenue
Monzo Revenue
eToro Revenue
Binance Revenue
Coinbase Revenue
PayPal Net Income
Revolut Net Income
Klarna Net Income
Robinhood Net Income
NuBank Net Income
Monzo Net Income
Coinbase Net Income
PayPal Transaction Volume
Revolut Transaction Volume
Klarna Transaction Volume
Binance Transaction Volume
Coinbase Transaction Volume
Mobile Payments Market Share United States
Mobile Payments Market Share China
Mobile Payments Market Share India
Neobank Market Share United Kingdom
Stock Trading App Market Share United States
Cryptocurrency Exchange Market Share
BNPL App Market Share
Mobile Payments Users
Mobile Payments Users by Region
Mobile Payments Users by Type
Mobile Banking Users
Mobile Banking Users by Region
Mobile Banking Usage Type
Stock Trading App Users
Cryptocurrency Exchange App Users
Stock Trading App Users by Type
BNPL App Users
PayPal Users
Venmo Users
Revolut Users
Revolut Users by Country
Cash App Users
Klarna Users
Klarna Users in United States
Robinhood Users
Chime Users
NuBank Users
Monzo Users
eToro Users
Binance Users
Coinbase Users
Finance App Downloads
Finance App Downloads by Type
Mobile Payments App Downloads
Mobile Banking App Downloads
Stock Trading App Downloads
Cryptocurrency Exchange App Downloads
BNPL App Downloads
India Mobile Payments Downloads by App
United States Mobile Banking Downloads by App
United Kingdom Mobile Banking Downloads by App
PayPal Downloads
Revolut Downloads
Cash App Downloads
Klarna Downloads
Robinhood Downloads
Chime Downloads
NuBank Downloads
Monzo Downloads
eToro Downloads
Binance Downloads
Coinbase Downloads
Mobile Payments Age Demographics
Mobile Payments Usage by Country
Mobile Payments Gender Demographics
Mobile Banking Age Usage in United States
Mobile Banking Age Usage in United Kingdom
Stock Trading Usage by Age
Cryptocurrency Ownership by Country
Cryptocurrency Ownership by Gender
BNPL Age Demographics in United States
BNPL Age Demographics in United Kingdom
Revolut Age Demographics
Cash App Age Demographics
Robinhood Age Demographics
Coinbase Age Demographics
Apple Pay Usage by Country
Finance App Conversion Rate
Finance App Retention Rate
Finance App Activation Rate
Finance App Crash Free Sessions
Finance App Low-memory Warnings
Finance App Other Performance Metrics
Finance App ATT Opt-in Rate
Finance App Average Ratings
Average App Session Length by Category
Average Number of App Sessions by Category
In-App Interaction Rate by Category

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How does it work?

To get access to the Finance App Report – Research, Insights and Statistics hit the buy now button above. After payment you will be taken to the download page to access your Finance App Report – Research, Insights and Statistics PDF. If you need any help email data@businessofapps.com.

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