Chart of the Day: Where Capital One is No. 1
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The top 15 mobile banking apps of 2022 so far
Capital One was the most downloaded US banking app between January and April 2022, with 5.0 million net new installations. Digital-only contender Chime took the No. 2 spot, with 4.7 million, while Chase came in third, with 4.1 million net new installs.
Beyond the chart: At this rate, the top three are well on their way to beating their total download numbers from last year, contributing to the 4.3% growth we project for the US mobile phone banking user base in 2022. Still, 37.9% of US adults will not bank via a mobile phone this year, which presents an opportunity for further growth among digital-only financial institutions. But physical branches remain highly relevant for the 21.1% of adults who won’t use any form of digital banking.
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