PYMNTS has tallied up the totals in the competition among digital banking apps, as it does every month, and ranked them according to their scores in such factors as channel coverage, up-to-date downloads, monthly average users, and sessions per user and average session length.
This time, in the latest PYMNTS Provider Ranking of Digital Banking Apps, two contenders have achieved the maximum score and are therefore sharing the top spot. Elsewhere in the rankings we find an assortment of apps that have either held their previous position or dropped as many as three levels.
The Top 5
The No. 1 spot is shared by the two achievers of the top score of 100: Chime and Nubank. Sound familiar? Yes, they were both in the top spot last month too.
In the second spot, there’s another familiar name: Revolut holds this position as it did last time.
There’s stability at the next level, too, with Monzo again ranked third.
At No. 4, there’s been a change as Current has landed here after slipping three levels from the top spot it shared last month. With a score of 92, though, the app remains comfortably within the top five.
That means another contender must have made room. Sure enough, at No. 5 we have Starling Bank, which has inched down one level from last month.
The Top 10
In the second tier of the rankings, we find four contenders holding the same spot they had last time, and two others that have slipped a bit.
At No. 6, there’s KOHO Financial, which was here last month.
There’s a change at No. 7, though, as Dave has taken this spot after slipping from fifth in the rankings since last time.
No change at the eighth level, where we again find Tangerine, as we did last month.
At No. 9 we have another tie. Empower holds this spot, as it did last time, but now shares it with N26, which has slid two spots in the rankings.
Closing out the top 10, we have Liv. UAE, which held this spot last month and has again earned a spot among this elite group of digital banking apps.
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