A recent study reveals that Asia Pacific has the most finance app users at present.
Around the world, there is an evident increase in the number of individuals depending on finance apps, both on PC and mobile.
This is also true in terms of managing their finances.
Read up on what CXO Today has to say.
App Annie, one of the leading providers of mobile app analytics and insights reported a massive increase in application usage, globally.
While 1 trillion hours of global app usage has been recorded by them in 2016, India has emerged as the 5th biggest user base of mobile apps, all over the world.
According to a recent study conducted by App Annie, there has been a significant increase in mobile app usage around the globe. This is not a surprise.
A lot of third world countries are starting to embrace new technologies. These also provide opportunities available through mobile phones and the internet.
As millennials catch up with today’s technological trend, an increase of financially conscious young adults is observed. They become an addition to the growing finance app users globally.
As mobile giants develop faster and better devices for consumers, so do mobile applications.
Mobile software and applications are starting to become a vital part of our daily lives.
Almost all our daily activities rely on the internet and other applications that “make life easier.” Health monitoring applications, transportation-related mobile apps, and finance apps are just a few of the things that improve parallel with technology.
As the present generation adapts to the demands of today’s fast-paced life, seeking solutions available via mobile apps becomes a top choice.
Convenience and accessibility are just two of the most important features that make mobile apps a solution for most of our daily needs.
From monitoring our heart rates to scheduling meetings, and managing our finances anywhere, anytime we need. This happens globally but has been more evident in areas like the Asia-Pacific regions.
Countries like China is one of the leading Asian countries that has shown a significant increase in finance app use.
This 230 percent increase is even double than Australia and South Korea’s mobile finance app usage in 2014.
As younger adults become more aware of their financial health, individuals are leaning into the security and accessibility features mobile finance apps may provide.
Ultimately, mobile and web-based applications like the Mint app has become an essential tool that can help on-the-go millennials. The app helps keep track of their finances anytime and anywhere.
The increase in users is evident proof that individuals in the region pay more attention to their financial health.
All things considered, financial freedom is not available through mobile apps.
However, through these applications, we can monitor and take control of our finances even while on the go.
In conclusion, performing financial transaction has become easier, secure, and appropriate for today’s generation, thanks to these finance apps.
CNBC breaks down the top financial mobile apps that can organize your financial life in this video:
What are your experiences with financial apps? Share your stories in our comments section!
Clueless on finance apps and budgeting tools? Visit this article 15 Amazing Budgeting Tools That Can Help Anyone to learn more.
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