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 Almost one and a half billion downloads of mobile apps in the field of financial services were achieved worldwide in the first quarter of this year. Compared to the first quarter of last year, this is an increase of 34%. The growth of such apps accelerated even compared to last year, when, in the first quarter of the years 20/19, the number of downloads of financial apps grew "only" by a quarter. These findings come from data concerning the number of downloads across two market-leading services, App Store and Google Play, analysed by BCM Begin Capital Markets.

The number of financial apps downloads in the total number of apps downloads has also increased rapidly over the last year. While in the 2019, the year before the covid pandemic, this number was 2.52% in the first quarter of the year, a year later it was 2.61%. However, in the first three months of this year, the number of financial apps downloaded compared to the total number of apps downloaded was already 4,1%. 

"We attribute the increase in the general public's interest in financial apps to two main factors, both of which are due to the consequences of the pandemic," commented Tomáš Kolomazník, chief analyst at BCM Begin Capital Markets, and explained: “One factor was the fact that people began to handle more things from home, not only shopping, but also banking services, especially payments. The second factor, which manifested itself especially in the rapid increase in interest in investment and trading apps, was more time spent in the household while maintaining or even increasing disposable income. Simply said, instead of traveling and other leisure activities, people paid more attention to the use of their free resources and began to invest actively." ­


* number of downloads in millions  * the number of downloaded financial apps in all downloaded apps in %.

Sources: Business of Apps, SensorTower, BCM Begin Capital Markets

Tomáš Kolomazník, analyst of  BeginCapitalMarkets 


BCM Begin Capital Markets CY Ltd. is a fully licensed and regulated company by the Cyprus Securities and Exchange Commission (CySEC), license number CIF 274/15, providing comprehensive business services worldwide. It provides its clients with great trading opportunities for Forex trading and countless CFDs. Beginners will appreciate the pleasant and comprehensive trading environment of the MetaTrader5 platform, which also includes highly developed and interactive trading tools for professionals with many years of experience.

Risk Warning: Contracts for difference are complex instruments and, as a result of the use of financial leverage, are associated with a high risk of rapid financial loss. 76.69% of retail investors' accounts incurred losses when trading differential contracts with this provider. You should consider whether you understand how contracts for difference work and whether you can afford a high risk of losing your funds.

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The content of this material constitutes marketing communication and should not be considered as any type of investment advice and/or investment research and/or a solicitation for any transactions. This material was prepared for informational/educational purposes only and does not imply an obligation to perform investment transactions nor does it guarantee or predict future performance. BCM Begin Capital Markets Cy Ltd and its relevant persons including affiliates, agents, directors, or employees do not guarantee the accuracy, validity, timeliness, or completeness of any information/data provided by third parties and assume no liability for any loss arising from any investment made based on the said information/data. Past performance is no guarantee of future results.

Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.41 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please read the Risk Disclosure.