AI Insights · Timothy · June 2022
Top 5 Finance Apps on Android in Nigeria - Q2 2022
Discover the performance trends of the top 5 finance apps on the Android platform in Nigeria during Q2 2022, based on data from Sensor Tower.
During the second quarter of 2022, the top finance apps on the Android platform in Nigeria showcased varying performance trends in terms of weekly downloads and active users. Here’s a closer look at the top 5 finance apps:
PalmPay - Transfers, Bills saw significant growth in weekly downloads, starting from around 67.7K at the end of March and peaking at approximately 102.3K by the end of June. The app also experienced a steady increase in weekly active users, beginning at about 498K and reaching nearly 646K by the end of the quarter.
Kuda - Transfers and payments had a notable spike in weekly downloads mid-quarter, with numbers rising from approximately 49.9K in late March to a peak of around 101.7K in the week of May 23. Weekly active users also showed an upward trend early in the quarter, peaking at about 722.5K in late May before a slight decline to around 641.3K by the end of June.
FairMoney—Instant loans & more from a digital bank exhibited fluctuating weekly downloads, starting at around 58.9K in late March and experiencing highs and lows throughout the quarter, ending at approximately 51.1K. Weekly active users saw a peak of about 654.7K at the end of April, followed by a decline to around 530.8K by the end of June.
OKash - Safe and reliable personal loan in Nigeria had varying weekly downloads, beginning at approximately 102.5K in late March, dipping mid-quarter, and ending at around 45.4K. The app's weekly active users started at about 203.5K, fluctuating throughout the quarter, and closing at roughly 139.8K.
OPay - Cash rain , Airtime , Transfer , Savings maintained relatively steady weekly downloads, starting at around 45.6K in late March, with slight increases and ending at approximately 55.9K by June. Weekly active users showed a consistent performance, starting at about 564K and ending at roughly 579.6K by the end of the quarter.
These insights are based on data from Sensor Tower. For more detailed analytics and trends, visit Sensor Tower's website.
