AI Insights · Timothy · April 2022
Top 5 Finance Apps on Android in Australia: Q1 2022 Performance
A detailed look at the performance metrics of the top 5 finance apps on the Android platform in Australia during Q1 2022.
During the first quarter of 2022, the top finance apps on the Android platform in Australia exhibited varied performance trends. Here, we take a closer look at the weekly downloads, revenue, and active user numbers for Google Wallet, PayPal - Pay, Send, Save, CommBank, Zip - Shop Now, Pay Later, and Westpac. The data is sourced from Sensor Tower, where more detailed insights are available.
Google Wallet saw its weekly downloads fluctuate, peaking at about 17K in the first week of January and maintaining a steady rate around 14K to 16K throughout the quarter. The app's weekly active users increased from approximately 210K at the end of December to over 246K by the end of March.
PayPal - Pay, Send, Save experienced a consistent increase in weekly downloads, starting at around 9K at the end of December and reaching over 15K in the final week of March. Weekly active users for the app fluctuated, with numbers around 400K, peaking at approximately 425K at the end of January, and ending the quarter at roughly 414K.
CommBank maintained a steady download rate, ranging from about 6K to 9K weekly. The app's active users showed a stable trend, starting at 1.5M and increasing to approximately 1.59M by the end of March.
Zip - Shop Now, Pay Later had relatively stable weekly downloads, starting at around 5K and peaking at about 5.4K mid-March. The app's active user base remained consistent, hovering around 97K to 100K throughout the quarter.
Westpac displayed steady growth in weekly downloads, beginning at about 4K and reaching nearly 4.7K by the end of March. The active user numbers for Westpac showed a gradual increase, starting at 430K and climbing to approximately 449K by the end of the quarter.
Overall, these top finance apps on Android in Australia demonstrated stable and, in some cases, growing engagement during the first quarter of 2022. For more detailed insights and analytics, visit Sensor Tower.