Top 5 Consumer Finance Apps in Nigeria - Q2 2022 Performance

In the second quarter of 2022, the top 5 consumer finance applications in Nigeria showed notable performance trends across both iOS and Android platforms. Here’s a closer look at the weekly downloads, revenue, and active user metrics for these apps.

Kuda - Free transfer & payment experienced a significant rise in weekly downloads, peaking at approximately 115K in the week of May 23. The app's active user base also grew steadily, reaching around 814K in the same week before stabilizing at around 737K by the end of June.

Access More saw a consistent download rate with a peak of about 44K in the week of June 6. Active users for this app increased from 705K at the end of March to approximately 750K by the end of June, indicating a steady user engagement.

UBA Mobile Banking maintained a stable download rate, with a notable spike to 40K in the final week of June. Active users showed fluctuations but ended the quarter with a significant increase to about 505K.

ALAT exhibited a varied download trend, peaking at over 81K in the first week of May. Active users followed a similar pattern, growing to around 129K during the same period before stabilizing at approximately 82K by the end of June.

Finally, Access Bank (Ghana) Plc had a steady download rate, peaking at nearly 26K in the last week of June. The active user count remained relatively stable, fluctuating around the 115K mark throughout the quarter.

These insights reflect the dynamic landscape of consumer finance apps in Nigeria during Q2 2022. For a more detailed analysis, visit Sensor Tower's platform for comprehensive data and insights.