AI Insights · Timothy · October 2022
Top 5 iOS Consumer Finance Apps in South Africa Q3 2022
Discover the performance trends of the top 5 consumer finance apps on iOS in South Africa during Q3 2022, including downloads and active user metrics.
The third quarter of 2022 saw notable trends in the performance of the top 5 consumer finance apps on iOS in South Africa. Here’s a closer look at how each app fared in terms of weekly downloads and active users.
Capitec Bank experienced a significant fluctuation in weekly downloads, starting the quarter with approximately 8.9K downloads and peaking at 13.7K in the last week of August. The app's weekly active users also showed a positive trend, rising from 280K at the beginning of the quarter to 294K by the end of September.
The FNB Banking App maintained a relatively stable download rate throughout the quarter. Weekly downloads hovered around the 4.5K mark, with a slight peak at 5.1K in late August. Active users saw a minor dip from 325K at the start to 298K in the last week of September.
Standard Bank / Stanbic Bank showed consistent download numbers, averaging around 3K downloads per week. Active user numbers remained steady, starting at 62K and ending the quarter at approximately 63K, indicating stable user engagement.
Nedbank Money saw weekly downloads fluctuate slightly, peaking at nearly 2.9K in the last week of September. Active users remained stable throughout the quarter, starting at 46K and ending at 47K.
Lastly, Discovery Bank exhibited a stable download trend with weekly downloads averaging around 2.7K. Active users increased from 48K at the beginning of the quarter to 54K by the end of September, showing a positive growth trajectory.
These insights are based on data from Sensor Tower. For more detailed analytics and insights, visit Sensor Tower.
