Top 5 Finance Apps in Madagascar, Q2 2022

In the second quarter of 2022, the top 5 finance applications in Madagascar showcased varied performance trends across downloads, revenue, and active users. Below is an overview of the key metrics for MVola, Orange Money Africa, MyBOA, PAYEER, and IQ Option – Trading Platform.

MVola

MVola saw fluctuating download numbers throughout Q2 2022. Weekly downloads ranged from about 423 to 2.3K, with a notable peak of approximately 2.3K in the week of May 30. Despite the variations in downloads, there was no revenue recorded for this period.

Orange Money Africa

Orange Money Africa experienced a decline in weekly downloads over the quarter. Starting strong with around 2.9K downloads in late March, the application saw a downward trend, ending with approximately 441 downloads in the final week of June.

MyBOA

MyBOA's downloads showed a consistent decline throughout Q2 2022. Beginning with about 1.7K downloads at the end of March, the numbers steadily dropped to around 425 by the end of June.

PAYEER

PAYEER had a mixed performance in terms of downloads and active users. Weekly downloads ranged from approximately 346 to 1.1K, with a significant increase observed towards the end of the quarter. Active users saw a consistent rise, starting from around 2.3K and reaching nearly 4K by the end of June.

IQ Option – Trading Platform

IQ Option – Trading Platform witnessed substantial growth in both downloads and active users. Weekly downloads surged from around 195 in late March to a peak of about 1.6K in mid-June. Active users also increased, starting from 1K and peaking at over 4.1K in mid-June before tapering off slightly towards the end of the quarter.

For more insights and detailed data, visit Sensor Tower.