Top 5 Finance Apps in Australia Q3 2022 Performance

The third quarter of 2022 saw significant activity in the Finance app category in Australia. Here’s a detailed look at the performance of the top 5 finance apps, based on data from Sensor Tower.

Australian Taxation Office experienced notable fluctuations in weekly downloads, peaking at over 56K in mid-July before declining to around 11K by the end of September. Active users saw a peak of approximately 110K in mid-July and gradually decreased to about 70K towards the end of the quarter.

CommBank maintained a consistent download rate throughout the quarter, with a slight increase in the last week of September reaching around 28K. Active users remained impressively stable, fluctuating around the 3.5M mark, with a peak of approximately 3.6M in mid-September.

PayPal - Send, Shop, Manage showed a steady download rate with minor variations, starting at around 23K and ending at approximately 23K by the end of September. Active users exhibited a slight increase, peaking at about 502K in the final week of September.

Google Wallet saw a notable upward trend in downloads, beginning at around 12K and rising to approximately 25K by the end of the quarter. Active users, however, showed a more fluctuating pattern, starting at about 239K and ending at roughly 167K.

Westpac maintained a consistent download rate, hovering around the 14K mark with a slight increase to approximately 15K at the end of the quarter. Active users saw a steady increase, peaking at roughly 1M in the final week of September.

These trends highlight the dynamic nature of user engagement and app performance in the finance sector in Australia. For more detailed insights and data, visit Sensor Tower.