Top 5 Consumer Finance Apps in Madagascar Q3 2022: Performance Overview

In the third quarter of 2022, the top 5 consumer finance applications in Madagascar demonstrated varying performance in terms of weekly downloads and active users. Here’s a closer look at how each app fared based on data from Sensor Tower.

MyBOA - Mobile Banking saw a significant increase in weekly downloads, peaking at around 5.9K in mid-August. The app's downloads showed a sharp rise from late July to mid-August, with a peak of 5.9K in the week of August 15. By the end of September, the downloads stabilized around 2.2K.

SG Connect experienced a moderate fluctuation in downloads throughout the quarter. Weekly downloads ranged between 189 and 554, with a notable peak of 554 in early July and a low of 189 in early August. The trend remained relatively stable towards the end of September.

MyBOA had a varied performance in terms of downloads. The app reached its highest weekly downloads of 582 in late July but saw a sharp decline to 67 by mid-August. This app did not show significant activity in terms of revenue during the quarter.

BNI-NET maintained a steady weekly download rate with slight increases over the quarter. Downloads ranged from 106 to 215, with the highest number recorded in mid-September.

L'Appli SG displayed a steady increase in weekly active users, starting from approximately 1.9K in late June and reaching around 2.8K by the end of September. The downloads also saw a significant spike to 350 in late August, though they fluctuated between 92 and 194 during the rest of the quarter.

For more detailed insights into these trends and additional data, visit Sensor Tower.