AI Insights · Timothy · October 2022
Top 5 Consumer Finance Apps in Nigeria Q3 2022: Unified Platform Analysis
A detailed look at the performance of the top 5 consumer finance apps in Nigeria during Q3 2022, including downloads and active user trends.
The third quarter of 2022 saw notable activity among the top 5 consumer finance applications in Nigeria on a unified platform, encompassing both iOS and Android data. Here’s a closer look at their performance:
Kuda - Free transfer & payment experienced steady weekly downloads, beginning at approximately 55.9K in late June and fluctuating between 39.1K and 47.0K throughout the quarter. Weekly active users for the app started at around 736.7K, showing minor fluctuations but remaining relatively stable, closing the quarter at about 756.5K.
Access More saw its weekly downloads peak at 49.2K in the first week of August. The app maintained a consistent download rate ranging from 33.8K to 40.7K for the rest of the period. Weekly active users started at 750.3K, peaked at 829.1K, and ended the quarter at approximately 826.2K.
UBA Mobile Banking had a fluctuating download trend, peaking at 43.4K in mid-August and dipping to around 28.7K by the end of September. Active users started at 505.1K, with minor fluctuations, and ended at about 454.5K.
Access Bank (Ghana) Plc maintained a steady download trend, peaking at 32.5K in early August and fluctuating between 20.5K and 25.9K for the rest of the quarter. Active users ranged from 110.5K to 124.8K, closing the quarter at approximately 114K.
GTBank showed a consistent download trend, peaking at 27.9K in late August. Weekly downloads ranged from 20.6K to 27.9K throughout the quarter. Active users started at 698.2K, fluctuated slightly, and ended at about 713.6K.
These insights come from Sensor Tower, where you can find more detailed analytics and trends on app performance.
