AI Insights · Timothy · March 2022
Top 5 Consumer Finance Apps on iOS in South Africa for Q1 2022
In Q1 2022, the top consumer finance apps in South Africa saw varying trends in downloads and active users. Capitec Bank and FNB Banking App led the pack with significant user engagement.
During Q1 2022, the top five consumer finance apps on iOS in South Africa exhibited diverse performance metrics in terms of downloads and active user engagement, according to Sensor Tower data.
Capitec Bank saw a notable increase in weekly downloads, starting at approximately 7K and peaking at around 10.8K by the end of March. The app's active user base also grew steadily, reaching about 266K by the last week of the quarter.
FNB Banking App experienced a consistent download rate, beginning the quarter at about 4K and reaching over 5.1K in the final week of March. Active users for the app showed a solid upward trend, starting at roughly 281K and climbing to over 320K by the end of the quarter.
Standard Bank / Stanbic Bank had a stable performance in weekly downloads, with numbers fluctuating between 2.6K and 3.6K throughout the quarter. The app’s active user base remained relatively steady, ending the quarter at approximately 62K.
Nedbank Money maintained a consistent weekly download rate, ranging from about 2K to nearly 3K. The active user count showed a slight increase, finishing the quarter at around 47K.
TymeBank saw a gradual rise in weekly downloads, starting at 1.8K and reaching 2.6K by the end of March. The app’s active users grew steadily, culminating in roughly 41K by the end of the quarter.
For more detailed insights and data, visit Sensor Tower.
