AI Insights · Timothy · October 2021
Top 5 Consumer Finance Apps on Android in South Africa Q3 2021
In Q3 2021, the top consumer finance apps in South Africa on the Android platform showed varied performance in downloads and active user trends.
Throughout the third quarter of 2021, the top five consumer finance apps on the Android platform in South Africa demonstrated diverse trends in downloads and active user metrics. Here’s a closer look at their performance based on data from Sensor Tower.
Capitec Bank experienced a notable increase in weekly downloads, peaking at approximately 59.4K in the last week of September. The app's weekly active users also showed a general upward trajectory, growing from around 2.1M at the beginning of the quarter to nearly 2.3M by the end of September.
The FNB Banking App saw a steady rise in weekly downloads, reaching a peak of 29K in the final week of September. Active users fluctuated throughout the quarter, starting at approximately 1.6M and ending at around 1.5M.
TymeBank maintained consistent download numbers, with a slight peak of 22.6K in the last week of September. Weekly active users displayed a general upward trend, reaching a high of around 337.9K by the end of the quarter.
Nedbank Money experienced a steady increase in weekly downloads, peaking at approximately 23.3K in the final week of September. Active user numbers also showed an upward trend, growing from around 308.3K to nearly 337K over the quarter.
Standard Bank / Stanbic Bank saw a peak in weekly downloads at approximately 20.7K in the last week of September. The app's active user base also grew steadily, starting at around 351.2K and reaching approximately 389.9K by the end of the quarter.
For more detailed insights and data, visit Sensor Tower.
