Personal Finance App Industry Statistics

The personal finance app industry is expected to experience continued growth due to increasing consumer interest in managing their finances digitally.

Statistic 1

"Nearly two-thirds (63%) of smartphone users have at least one financial app."

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Statistic 2

"In 2021, the global personal finance apps market is expected to reach $1,576.9 million."

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Statistic 3

"The North America regional market for personal finance apps is expected to retain a substantial share, reaching $673.1 Million in 2021."

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Statistic 4

"Intuit, the company behind household names such as Mint and TurboTax, reports that Mint has over 20 million users."

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Statistic 5

"Global fintech apps (including personal finance apps) usage is set to increase by more than 20% in 2021."

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Statistic 6

"The user penetration segment in the Personal Finance App segment will be at 7.1% in 2021 and is expected to hit 10.5% by 2024."

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Statistic 7

"Revenue in the Personal Finance segment is projected to reach US$495m in 2021."

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Statistic 8

"More than 50% of people use online banking, and about 35% use mobile banking, according to a survey by the Federal Reserve."

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Statistic 9

"The average rating of top-ranking budgeting and saving apps in the Google Play Store is 4.1 out of 5."

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Statistic 10

"7 in 10 Americans use a budgeting app regularly to track their expenses."

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Statistic 11

"The total transaction value in the Personal Finance segment is projected to reach US$614,589m in 2021."

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Statistic 12

"An approximate 60% of Millennials use budget tools or apps to save money."

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Statistic 13

"Personal finance apps in Asia-Pacific market garnered revenue of USD 231.8 Million in 2020."

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Statistic 14

"The trend to a consumer-led digital market is projected to boost the personal finance app market to $4,102.1 million by 2028."

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Statistic 15

"Europe's personal finance app market size valued at USD 231.2 million in 2020."

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Statistic 16

"The global personal finance apps market will grow at a steady rate of 8.6% between 2021 and 2028."

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Statistic 17

"The average session duration on finance-related apps is approximately 7.7 minutes."

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Statistic 18

"Finance apps experience an average monthly usage rate of 73.1 percent."

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