AI Insights · Timothy · October 2021
Top 5 Finance Apps in South Africa for Q3 2021: Unified Platform Performance
Explore the performance of the top 5 finance apps in South Africa during Q3 2021, with insights on downloads, active users, and trends.
In Q3 2021, the top 5 finance apps in South Africa demonstrated varied performance metrics on the unified platform. Below, we delve into the weekly downloads, active users, and trends for each app, based on data from Sensor Tower.
Capitec Bank saw a consistent rise in weekly downloads, peaking at approximately 67K in the last week of September. Active users showed a fluctuating but generally upward trend, starting from 2.35M at the end of June and reaching around 2.53M by the end of September.
The FNB Banking App experienced stable weekly downloads with a notable peak of about 33K in the final week of September. Active users began at 1.91M at the end of June, dipped to around 1.53M mid-August, and recovered to approximately 1.79M by the end of the quarter.
SARS Mobile eFiling had a varied download trend, with a high of around 33K in mid-July and a recovery to approximately 28K in the last week of September. Active users showed a mixed pattern, starting at 90K at the end of June, dropping to about 73K in mid-September, and rising to around 95K by the end of Q3.
TymeBank maintained a steady download rate, peaking at around 24.5K in the last week of September. Active users showed a positive trend throughout the quarter, starting at 300K at the end of June and reaching approximately 364K by the end of September.
Luno: Buy Bitcoin & Crypto had a stable download trend with a peak of approximately 24.4K in early August. Active users fluctuated, starting at 118K at the end of June, reaching a high of about 143K mid-September, and ending the quarter at around 114K.
For more detailed insights and data, visit Sensor Tower.
