Top 5 Consumer Finance Apps on Android in Nigeria Q3 2022

During the third quarter of 2022, the top five consumer finance apps on the Android platform in Nigeria demonstrated notable trends in weekly downloads and active user engagement. Here is a detailed look at their performance:

Kuda - Transfers and payments experienced fluctuations in weekly downloads, starting at 43.3K in late June and dipping to a low of 27.4K by mid-July, before rebounding to 34.5K by late August. Active users showed a slight decline from 641K in late June to 650K by the end of September, indicating consistent user engagement.

Access More saw a peak in weekly downloads at 39.1K in early August, with numbers tapering off to around 29K by the end of September. Active users were robust, starting at 647K in late June and climbing to approximately 708K by the end of the quarter.

UBA Mobile Banking had a relatively stable trend in weekly downloads, with a peak of 35.2K in mid-August and a gradual decline to 20.1K by the end of September. Active users showed a downward trend from 441K in late June to 384K by the end of September.

FirstMobile experienced a steady increase in weekly downloads, peaking at 26.9K in early August. By the end of September, downloads stabilized around 20.7K. Active users remained strong, starting at 662K in late June and reaching 673K by the end of the quarter.

Access Bank (Ghana) Plc showed a consistent pattern in weekly downloads, with a peak of 26.5K in early August and a gradual decline to 17.9K by the end of September. Active users started at 91.4K in late June and increased to 90.1K by the end of September, indicating steady user engagement.

These insights are based on data from Sensor Tower. For a more comprehensive analysis and additional insights, visit Sensor Tower.