30 April 2020

Nucoro research: six million people download their bank’s app for the first time during Coronavirus lockdown

Written By Nucoro

Nucoro research: six million people download their bank’s app for the first time during Coronavirus lockdown

New research from Nucoro, the London based FinTech company focused on delivering innovative investment and savings solutions, has found an increase in first-time users of banking apps. 

The FinTech can reveal that between 14 March and 14 April, because of the Coronavirus lockdown, around 12% of the adult population in the UK - some six million people - downloaded their bank’s app for the first time. Some 21% of those aged 34-35 did this, as did just over 5% of people aged 55 or more.

The findings showed: 

  • 6% of people who don’t yet have their bank’s app plan to download it in the next three months   
  • 22% of people are using their banking apps more compared to 5% who are using them less

Read more here. 

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