Top 5 Finance Apps on iOS in South Africa for Q1 2022

In the first quarter of 2022, the top 5 finance apps on iOS in South Africa showed varied performance trends in weekly downloads and active users. Below is a detailed overview of their performance based on Sensor Tower data.

Capitec Bank experienced a notable increase in weekly downloads, starting from approximately 6.9K in the last week of December 2021 and peaking at around 10.8K by the end of March 2022. Active users also saw a steady rise, growing from 223K to 266K over the same period.

FNB Banking App displayed a consistent download rate, beginning at 4K in late December and reaching a peak of 5.2K in the final week of March. Active users increased from 281K to 320K throughout the quarter, maintaining a stable and growing user base.

Standard Bank / Stanbic Bank had a steady download trend, starting at 2.7K and culminating at around 3.6K by the end of Q1. Active users remained relatively stable, fluctuating slightly before ending the quarter at 62K, up from 58K at the beginning.

Nedbank Money saw a gradual increase in downloads, rising from 2K to nearly 3K by the end of March. The app's active users showed a modest growth, starting at 44K and ending the quarter at approximately 47K.

TymeBank had consistent download numbers, beginning at 1.9K in late December and peaking at 2.6K by the end of March. Active users grew steadily from 31K to 41K over the quarter.

These trends highlight the dynamic nature of the finance app market in South Africa. For more detailed insights and data, visit Sensor Tower.