Chase UK has prompted huge uptake from users in 2022 in the form of downloads and monthly active users
IN BRIEF:
- Chase UK topped the ‘breakout’ financial app downloads in the UK in 2022, according to research from Data.ai
- JP Morgan splashed c.$450m on the launch of Chase UK by May 2022 but also raked in £8bn of savers deposits in only 8 months
- Chase also topped the tables when it came to the number of monthly active users with Starling Bank coming in at second place
What does this mean?
Chase only launched in the UK in September of 2021 so there is more than a little nuance to the tables. However, it also gives a strong indication of the standout rapid success in the growth of a big bank challenge to the neobanks yet.
