Press release
Personal Finance App Market Trends Estimates High Demand by 2025
Personal Finance App: Drivers and Restraints
The increasing penetration of smartphones, growing number of internet users and digitalization have elevated the demand for personal finance app in the market. Due to the benefits offered like quick payments of bills, tracking of multiple account finance, the convenience of customers, rise in need of advanced financial tools, increasing demand for low-cost products and shifting of few banks to online transaction mode have created a boost in the personal finance app market.
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In order to manage the accounts over personal finance app, customers need to daily update these applications. Also, people have a lot of security issues with the applications and thus avoid sharing the personal account details on the application. Such factors are declining the growth of personal finance app market.
Personal Finance App: Competitive Landscape
The key players in the market are Intuit, Inc., Personal Capital Corporation, Lampo Licensing, LLC., You Need a Budget, Wally Yachts S.A., Acorns Grow, Inc., Robinhood Financial, LLC, Capital One Financial Corporation, Wealthfront Inc. and Credit Karma, Inc.
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