Top 5 Finance Apps on Android in Madagascar Q2 2022

In the second quarter of 2022, the top finance apps in Madagascar on the Android platform demonstrated diverse trends in downloads and active users. Below is a detailed analysis of the performance of the top 5 finance applications based on data from Sensor Tower.

MVola

MVola experienced fluctuating download numbers throughout the quarter. The app started with 458 downloads in the week of March 28 and saw a significant peak of approximately 2.3K downloads in the week of May 30. The downloads remained relatively high in the following weeks, with 2.3K again in the week of June 6 before stabilizing to around 540-560 downloads towards the end of June.

MyBOA

MyBOA saw a decline in weekly downloads over the quarter. Starting with 1.7K downloads in the week of March 28, the numbers gradually dropped to 385 downloads by the end of June. The app witnessed a steady decrease, particularly notable in May and June, where downloads fell below 1K.

Orange Money Africa

Orange Money Africa had its highest download count at the start of the quarter with 2.9K in the week of March 28. This was followed by a decline, with downloads dropping to as low as 355 in the last week of June. The trend shows a consistent decrease in downloads over the three months.

PAYEER

PAYEER experienced relatively stable downloads with notable peaks towards the end of the quarter. Starting with 489 downloads in late March, the app saw a peak of 1K downloads in the week of June 27. The active user base also grew steadily from 2.2K in late March to around 3.8K by the end of June, reflecting a consistent increase in user engagement.

IQ Option – Trading Platform

IQ Option – Trading Platform had a significant rise in both downloads and active users during the quarter. Downloads surged from 190 in late March to a peak of 1.6K in mid-June, before slightly dropping to 799 by the end of June. Active users also increased substantially from 863 in late March to over 4K in mid-June, indicating strong user retention and growth.

For more detailed insights and data on app performance, visit Sensor Tower's platform.