Improving app's daily and monthly active users is hard and relies on a effective strategy. Case study: how we quickly improve app's DAU & MAU. in UK.
Metrics such as revenue are frequently used to measure growth, but retention is an essential key indicator as well. Our Fintech App Engagement Benchmark Report found an average stickiness quotient of 22% for fintech apps - which outperforms other app categories and signifies fintech's staying power.
But how do you measure stickiness? Calculate the average number of active users per day and month, then divide the daily active users (DAU) by the monthly active users (MAU) to determine user engagement. To calculate your percentage, multiply the total by 100.
Consistently high scores indicate the app's ability to retain users, which has a significant impact on a company's projected and actual growth. Low stickiness, on the other hand, can indicate a misalignment between a fintech app and its users, which could lead to future losses. Fortunately, a company can increase stickiness by implementing tried-and-true strategies.
You'll dive into the following topics:
Improving daily and monthly active users (DAU/MAU) is critical for the success of a Fintech App. Here are some industry data and trends to help app marketers to get to know it deeply:
In 2023, the worldwide market size for financial technology (fintech) was valued at nearly 917.17 billion by the year 2032.
As the Fintech industry becomes more crowded, user acquisition is becoming increasingly challenging. Fintech Apps need to focus on retaining their existing users and improving engagement to remain competitive.
Fintech Apps that provide personalized experiences for their users are more likely to see higher DAU/MAU figures. Users expect tailored experiences that meet their specific financial needs, and Fintech Apps that can deliver on this expectation will likely see higher user engagement.
Mobile usage is on the rise, and Fintech Apps need to ensure their apps are optimized for mobile devices. Fintech Apps that offer a seamless mobile experience will likely see higher DAU/MAU figures.
With the increasing number of cyber threats, security is crucial for Fintech Apps. Users expect their financial data to be secure, and Fintech Apps that can deliver on this expectation are more likely to retain their users and attract new ones.
Improving app's daily and monthly active users is the dream of many app owners. It's hard and relies on a effective strategy. We'll kick off the topic by sharing the story of how we quickly Improving app's DAU & MAU for a user's fintech app.
Our efforts to boost user acquisition, retention, and engagement resulted in a significant increase in daily and monthly active users. Here are the results:
Our client is a Fintech App that offers financial services to individuals and small businesses. The app had been on the market for a year and had seen some success, but its user base was not growing at the desired pace. Our task was to boost the app's daily and monthly active users.
After conducting market research and analyzing the app's user data, we identified 3 key areas for improvement:
We started by utilizing ASO tools to conduct extensive keyword research, identifying high-traffic, low-competition keywords that are most relevant to the FinTech sector. By analyzing competitor keyword strategies, we found gaps and opportunities to capture a wider audience.
ASOWorld App Intelligent Diagnostic service review and revamp the app's title, description, and other metadata elements to ensure they are fully optimized for the selected keywords. This will not only improve search visibility but also enhance the likelihood of conversions from views to installs.
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To give an immediate boost to the app's ranking for specific keywords, our client employed keywords install. The service has drived targeted traffic to the app and improved its ranking for those keywords, leading to organic growth in user acquisition.
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Optimized Onboarding Experience: The app refined the onboarding process to make it as smooth as possible. Using insights from ASOWorld, our client can understand where users may be dropping off and make necessary adjustments.
Push Notifications & Re-engagement Campaigns: Implementing personalized push notifications and re-engagement campaigns can remind users of the app's value and prompt them to return. This strategy is based on user behavior data to target users with relevant and timely content.
Ratings and Reviews Strategy: With ASOWorld's ratings and reviews service, the app can boost the social proof and trustworthiness, which is critical for retaining users. Encouraging positive reviews and promptly addressing any concerns will contribute to a better user experience and higher retention rates.
💡 Expert Tips: Reviews that naturally include keywords related to the FinTech app can help improve the app's search visibility within the app stores.
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In conclusion, the Fintech industry is growing, but user acquisition is getting harder. Fintech Apps need to focus on retaining their existing users and providing personalized experiences to remain competitive. Mobile optimization and security are also critical factors for improving DAU/MAU figures.
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