AI Insights · Timothy · October 2022
Top 5 Finance Apps on iOS in South Africa for Q3 2022
The third quarter of 2022 saw varied performance among the top finance apps on iOS in South Africa, with notable trends in weekly downloads and active users.
During the third quarter of 2022, the performance of the top five finance applications on the iOS platform in South Africa showcased significant trends in weekly downloads and active users, according to data from Sensor Tower.
Capitec Bank saw a fluctuating pattern in weekly downloads, peaking at around 13.7K in the week of August 29. The app experienced a gradual rise in active users, culminating in approximately 294K by the end of September.
The SARS Mobile eFiling app had a notable peak in weekly downloads, reaching about 15.9K in the week of July 4. However, downloads saw a steady decline, falling to roughly 2K by the end of September. Active users mirrored this trend, peaking at 34.9K in early July and then decreasing to about 16K by the end of the quarter.
The FNB Banking App maintained a relatively stable download rate, with weekly downloads hovering around 4.9K. Active users exhibited slight fluctuations but ended the quarter with approximately 299K users.
Standard Bank / Stanbic Bank had a consistent download rate, with weekly downloads ranging from 2.5K to 3.3K. Active users remained stable throughout the quarter, finishing with around 62.6K users.
Lastly, Nedbank Money also showed consistency in weekly downloads, peaking at about 2.9K in the week of August 29. The app's active user base was steady, ending the quarter with roughly 47.1K users.
For more detailed insights and further data, visit Sensor Tower.
