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Fintech Apps Sees a Surge in Downloads Amidst the Pandemic

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Mobile app usage habits and trends have seen a drastic uptick amid COVID-19 and lockdown measures. In Asia-Pacific (APAC), fintech mobile app installs grew 36% in 2019-2020 and 18% in 2020-H1 2021, the second highest growth rates for the period across four key mobile app verticals, according to a report by Adjust, a mobile attribution and analytics company.

The Mobile App Trends 2021: A focus on APAC report looks at emerging trends in seven major APAC markets – India, Indonesia, Japan, Singapore, South Korea, Thailand and Vietnam –, and delves into four key mobile app verticals, namely hyper casual gaming, fintech, e-commerce and non-hyper casual gaming.

According to the report, Thailand and Vietnam recorded the strongest rise in fintech app installs in 2019-2020, which surged 100% and 97%, respectively. In the 2020-H1 2021 period, growth in these two markets slowed down, but accelerated in other countries, including Indonesia (89%) and Singapore (70%).

Fintech install growth by country, Source: Mobile App Trends 2021: A focus on APAC, Adjust 2021

Fintech install growth by country, Source: Mobile App Trends 2021: A focus on APAC, Adjust 2021

Mobile app sessions increased for all verticals but growth was stronger for fintech mobile apps where sessions rose 110% in 2019-2020 and 45% in 2020-H1 2021.

South Korea and Japan saw the biggest growth rates of 123% and 104%, respectively, in 2019-2020. For the 2020-H1 2021 period, Singapore (188%) and Vietnam (136%) were the ones that stood out.

Fintech sessions growth, Source: Mobile App Trends 2021: A focus on APAC, Adjust 2021

Fintech sessions growth, Source: Mobile App Trends 2021: A focus on APAC, Adjust 2021

These figures coincide with App Annie’s State of Mobile 2021 research, which also found booming usage of finance mobile apps not just in APAC but globally.

During 2020, time spent on finance apps rose 45% worldwide outside of China. In APAC, the research found that last year, finance mobile app downloads and hours spent grew in nearly all of the six key markets studied. The only exception was China where the decline in downloads was attributed to new legislation in the peer-to-peer (P2P) lending space.

Indonesia recorded the strongest rise in hours spent on finance mobile apps (75%), followed by Japan (55%) and South Korea (50%).

Year-over-year growth in downloads and hours spent in finance apps in 2020, Source: State of Mobile 2021, App Annie, 2021

Year-over-year growth in downloads and hours spent in finance apps in 2020, Source: State of Mobile 2021, App Annie, 2021

In particular, the past two years have witnessed a surge in the usage of investment and stock trading apps. Globally, participation in the stock market grew 55% worldwide in 2020, according to App Annie.

South Korea led the APAC region last year, recording a year-over-year (YoY) growth of 120% in hours spent in top investment and trading apps. Indonesia and India as well saw significant growth in stock trading apps usage, witnessing a YoY rise of 80% and 65%, respectively.

Year-over-year growth in hours spent in top investment and trading apps, Source: State of Mobile 2021, App Annie, 2021

Year-over-year growth in hours spent in top investment and trading apps, Source: State of Mobile 2021, App Annie, 2021

The pandemic has driven a flood of new retail investors into the stock market. JMP Securities estimates that the brokerage industry added roughly 10 million new clients in 2020, according to app download data from SimilarWeb. More than 6 million of those clients flocked to commission-free stock trading app Robinhood.

In 2021, the retail trading boom continued with an estimated 7.8 million new retail clients entering the market in January and February alone.

The past two years have been rather prosperous for APAC’s mobile app industry. In 2019 and 2020, installs and sessions grew by 31% and 54%, respectively, according to the Adjust report.

All vertical grew but hyper casual gaming, fintech and e-commerce performed exceptionally well in 2020 and 2021. Hyper casual gaming app installs rose the most in both time periods – 66% in 2019-2020 and 49% in 2020-H1 2021 –, followed by fintech, e-commerce (27% and 8%), and non-hyper casual gaming (23% and 4%).

Install growth by vertical, Source: Mobile App Trends 2021: A focus on APAC, Adjust 2021

Install growth by vertical, Source: Mobile App Trends 2021: A focus on APAC, Adjust 2021

Featured image: Photo by Sasha Kim from Pexels

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Source: https://fintechnews.sg/55533/covid19/fintech-apps-sees-a-surge-in-downloads-amidst-the-pandemic/

Covid19

The CDC emphasizes COVID vaccinations as a key to safe holiday gatherings

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A video call on a laptop screen during Christmas. The Centers for Disease Control and Prevention released new guidance on Friday for safely celebrating the upcoming holiday season. FilippoBacci/Getty Images hide caption

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FilippoBacci/Getty Images

Following confusion earlier this month on how the country should safely celebrate the holidays, the Centers for Disease Control and Prevention has released its updated guidance around gatherings and traveling amid the COVID-19 pandemic.

In the new guidance issued Friday, the CDC says the best way to safely celebrate the holiday season is by being vaccinated (if eligible) against the coronavirus.

“Protect those not yet eligible for vaccination such as young children by getting yourself and other eligible people around them vaccinated,” the CDC said on its website.

Health officials said that having every person in attendance vaccinated against the virus is particularly important for protecting those who can’t get a shot, such as children under 12.

The CDC recommends that those who aren’t fully vaccinated delay their travel plans. For those that do travel, the CDC offers recommendations for domestic or international travelers.

In addition, the CDC suggests those who aren’t fully vaccinated wear well-fitting masks over the nose and mouth if in public indoor settings. It says outdoor celebrations, if possible, are recommended instead of indoor ones.

If in an outdoor setting, those who are vaccinated do not need to wear a mask, unless they are in areas with a high number of COVID-19 cases.

“By working together, we can enjoy safer holidays, travel, and protect our own health as well as the health of our family and friends,” the CDC said.

Just this week, Dr. Anthony Fauci, the nation’s top infectious disease expert, said that trick-or-treating can resume this Halloween, should those that are fully vaccinated feel comfortable doing so.

“I think that, particularly if you’re vaccinated, you can get out there and enjoy it,” Fauci told CNN’s State of the Union.

According to the American Academy of Pediatrics website, HealthyChildren.org, officials recommend that families that decide on outdoor trick-or-treating do so in small groups.

When it comes to handing out candy, the website says to sit outside and line up individually prepackaged treats for children to take, including non-edible treats for those with food allergies.

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Source: https://www.npr.org/sections/coronavirus-live-updates/2021/10/15/1046615372/cdc-new-covid-guidelines-holiday-celebrations

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United States commits another 17 million COVID vaccine doses to the African Union

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The vial of the Johnson & Johnson COVID-19 vaccine. The White House says Thursday that the U.S. will commit 17 million additional doses of the Johnson & Johnson vaccine to the African Union. Picture Alliance/dpa/picture alliance via Getty I hide caption

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Picture Alliance/dpa/picture alliance via Getty I

The White House says the United States will donate more than 17 million doses of the Johnson & Johnson COVID-19 vaccine from its domestic supplies to the African Union.

President Biden made the announcement Thursday as he met with Kenyan Uhuru Kenyatta at the White House, Biden’s first one-on-one meeting with an African leader.

“We’re continuing our shared fight against COVID,” Biden said during the meeting.

The vaccine donation comes on top of the 50 million vaccines doses already donated by the United States to the African Union, according to the White House.

The 17 million J&J vaccines will be available for delivery immediately and will be delivered to the African Union within the coming weeks.

Kenyatta thanked Biden for assisting both Kenya and other African countries, saying that the U.S. has “stepped up” when it comes to vaccine donation and access to vaccines for other countries.

News of Kenya’s 17 million vaccine donation comes after the World Health Organization said last month the African continent was almost 500 million doses short of what is needed to achieve its goal of vaccinating 40% of people by the end of 2021.

“African countries need clear delivery dates so they can plan properly. We also need strong structures set up to ensure that all promises made are promises kept,” said Dr. Matshidiso Moeti, World Health Organization Regional Director for Africa in a statement addressing the shortage.

To date, under half of the African countries that have received COVID-19 vaccines have fully vaccinated only 2% or less of their populations, according to the WHO.

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Source: https://www.npr.org/sections/coronavirus-live-updates/2021/10/14/1046163404/united-states-donating-covid-vaccines-african-union

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WHO launches a new group to study the origins of the coronavirus

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Tedros Adhanom Ghebreyesus, director general of the World Health Organization (WHO), speaks during a news conference on the COVID-19 coronavirus outbreak in Geneva, in March 2020. Stefan Wermuth/Bloomberg via Getty Images hide caption

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Stefan Wermuth/Bloomberg via Getty Images

The World Health Organization has announced the establishment of a scientific advisory group aimed at identifying the origin of COVID-19 and to better prepare for future outbreaks of other deadly pathogens.

The WHO’s Scientific Advisory Group for the Origins on Novel Pathogens, or SAGO, will include scientists from the U.S., China and about two dozen other countries. It will be charged with answering the question of how the novel coronavirus first infected humans — a mystery that continues to elude experts more than 18 months into the crisis. The group will also be responsible for establishing a framework to combat future pandemics

Maria Van Kerkhove, the head of WHO’s emerging disease unit, called the establishment of the new group “a real opportunity right now to get rid of all the noise, all the politics surrounding this and focus on what we know, what we don’t know.”

The team will be selected from more than 700 applications from experts in fields including epidemiology, animal health, ecology, clinical medicine, virology, genomics, molecular epidemiology, molecular biology, biology, food safety, biosafety, biosecurity and public health, the WHO said in a statement.

“The emergence of new viruses with the potential to spark epidemics and pandemics is a fact of nature, and while SARS-CoV-2 is the latest such virus, it will not be the last,” WHO Director-General Dr. Tedros Adhanom Ghebreyesus said. “Understanding where new pathogens come from is essential for preventing future outbreaks with epidemic and pandemic potential, and requires a broad range of expertise.”

Beijing continues to resist investigations in China

The establishment of the group comes as China has continued to resist efforts to study the possible origin of the virus there. After an initial investigation by the WHO, Beijing rejected a plan for a second phase of the probe in July that might delve into various hypotheses about the origin of the virus, including that it escaped from a Chinese government lab in the city of Wuhan.

The so-called “lab-leak theory” was initially dismissed by WHO, but has nonetheless gained traction in recent months, fueled in part by Beijing’s secrecy. Many scientists contend that a lab leak is much less likely than the alternative — that the novel coronavirus has a natural origin.

Beijing did not immediately react to the announcement of the new task force.

The WHO director still wants to look at labs in Wuhan

Despite the WHO’s initial findings, Tedros has called for audits of Wuhan laboratories, including the Wuhan Institute of Virology, which some scientists believe may be the source of the virus that caused the first infections in China.

Some of the proposed SAGO members were on the original 10-person WHO team that studied possible origins in China, including Chinese scientist Yungui Yang of the Beijing Institute of Genomics at the Chinese Academy of Sciences.

An editorial co-authored by Tedros that was published in Science on Wednesday said SAGO would “quickly assess the status of SARS-CoV-2 origin studies and advise WHO on what is known, the outstanding gaps, and next steps.”

It said that “[all] hypotheses must continue to be examined,” including the “studies of wildlife sold in markets in and around Wuhan, China (where cases of COVID-19 were first reported in December 2019); studies of SARS-like coronaviruses circulating in bats in China and Southeast Asia; studies on prepandemic biological sampling around the world; and other animal susceptibility studies.”

“As well, laboratory hypotheses must be examined carefully, with a focus on labs in the location where the first reports of human infections emerged in Wuhan,” it said, adding, “A lab accident cannot be ruled out until there is sufficient evidence to do so and those results are openly shared.”

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Source: https://www.npr.org/sections/coronavirus-live-updates/2021/10/13/1045647249/who-covid-investigation-china-wuhan-lab-leak

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COVID-19 continues to be a leading cause of death in the U.S. in September 2021

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An updated issue brief examines COVID-19’s effect on mortality rates, and estimates that in September 2021, COVID-19 was the number two on the list of the top ten leading causes of death in the U.S. As recently as January 2021, COVID was the number one leading cause of death, though COVID rank had briefly dropped to the 8th leading cause of death in July 2021 before the delta variant, relaxed social distancing and inadequate vaccinations led to a surge in new cases and deaths.

The analysis also estimates that nationally more than 90,000 deaths from COVID-19 since June could have been prevented with vaccines. More than half of those preventable deaths occurred in September.

The analysis can be found on the Peterson-KFF Health System Tracker, an information hub dedicated to monitoring and assessing the performance of the U.S. health system.

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Source: https://www.kff.org/coronavirus-covid-19/issue-brief/covid-19-continues-to-be-a-leading-cause-of-death-in-the-u-s/

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