AI Insights · Timothy · June 2022
Top 5 Consumer Finance Apps on Android in South Africa: Q2 2022
The top consumer finance apps in South Africa showed varying trends in downloads and active users during Q2 2022, as revealed by Sensor Tower data.
During the second quarter of 2022, the top 5 consumer finance apps on the Android platform in South Africa exhibited distinct trends in downloads and active users, according to Sensor Tower data.
Capitec Bank experienced fluctuating weekly downloads, starting strong with 102K in the last week of March and peaking at 119K in the week of June 20, before ending the quarter at 62K. Active users showed a general upward trend, growing from approximately 2.6M in late March to nearly 2.7M by the end of June.
The FNB Banking App maintained a steady download rate, reaching a high of 38K in the week of May 30. Active users remained relatively stable, starting at 1.6M in late March and closing the quarter at 1.6M.
TymeBank showed consistent weekly downloads, with a peak of 38K in late March, and ending the quarter at 24K. Active users increased steadily from 479K in late March to 493K by the end of June.
Nedbank Money saw a gradual increase in downloads, with a high of 27K in the week of May 30. Active users also showed a positive trend, rising from 355K in late March to 356K by the end of June.
Standard Bank / Stanbic Bank had stable weekly downloads, peaking at 26K in early April. Active users demonstrated a steady growth, starting at 417K in late March and reaching 429K by the end of June.
For more detailed insights and data, visit Sensor Tower.
