AI Insights · Timothy · October 2022
Top 5 Finance Apps on Android in Africa Q3 2022
Discover the performance trends of the top 5 finance apps on Android in Africa during Q3 2022, including weekly downloads and active users.
In the third quarter of 2022, the finance app market on Android in Africa showcased some interesting trends. Here's a closer look at the performance of the top 5 finance apps: Boseapa, Lucky ONE, Fido - Online Loans App, Ghana, PalmPay - Transfers, Bills, and OPay - Cash rain , Airtime , Transfer , Savings. This data comes from Sensor Tower, where more insights can be found.
Boseapa saw a remarkable spike in weekly downloads, peaking at 515K in the week of August 8. However, downloads declined towards the end of the quarter, dropping to around 44K by the last week of September. Active users followed a similar pattern, starting from 653 in mid-July and surging to 544K by August 8, before declining to about 288K by the end of September.
Lucky ONE maintained a relatively stable download rate, with weekly downloads ranging from 70K to 123K throughout the quarter. Active users also exhibited stability, fluctuating between 297K and 346K, demonstrating consistent user engagement.
Fido - Online Loans App, Ghana experienced notable growth in downloads, reaching a peak of 158K in mid-July. Although there was a drop in downloads in subsequent weeks, the app saw another surge to 120K in mid-September. Active user numbers mirrored this trend, starting at 171K and peaking at 297K by September 12, before slightly declining towards the end of the quarter.
PalmPay - Transfers, Bills had a strong start with downloads peaking at 130K in the week of July 25. However, the numbers gradually decreased to around 47K by the end of September. Despite this, active users remained robust, with numbers ranging from 599K to 752K throughout the quarter.
Lastly, OPay - Cash rain , Airtime , Transfer , Savings showed a steady increase in downloads, peaking at 127K in early August. Active users also showed a positive trend, starting at 580K in late June and reaching 682K by early August, before stabilizing around 570K towards the end of the quarter.
These trends highlight the dynamic nature of the finance app market on Android in Africa. For more detailed insights, visit Sensor Tower.
