Revolut Leads Digital Banking Surge in The UK as Downloads Top Legacy Banks
UK neobanks have surpassed traditional banks in mobile app downloads for the first time, with digital challengers reaching 71.78 million Android users compared to legacy banks’ 71.58 million, according to new data from SplitMetrics. The digital banking surge has been particularly pronounced in 2024, with neobanks adding 18.6 million users compared to traditional banks’ 7.5…