AI Insights · Timothy · October 2022
Top 5 Finance Apps in South Africa Q3 2022 Performance
Discover the performance trends of the top 5 finance apps in South Africa during Q3 2022, including download rates and active user statistics.
In the third quarter of 2022, the top finance applications in South Africa showed varied performance trends in terms of downloads and active users. Here’s a closer look at the data from Sensor Tower.
Capitec Bank Capitec Bank experienced a significant increase in weekly downloads, peaking at approximately 124K in the final week of September. The app's weekly active users also saw an upward trend, growing from around 3M in late June to over 3.1M by the end of September.
FNB Banking App The FNB Banking App maintained a steady download rate, with weekly downloads fluctuating between 29K and 35K throughout the quarter. Active users remained relatively stable, starting at about 1.9M in late June and closing the quarter at approximately 1.8M.
SARS Mobile eFiling SARS Mobile eFiling saw a decline in weekly downloads, starting at 45K in late June and dropping to around 18K by the end of September. The number of active users also decreased, from about 119K to 90K over the same period.
Nedbank Money Nedbank Money's weekly downloads showed a consistent trend, with numbers hovering around 26K to 30K. Active users increased gradually from approximately 402K in late June to around 424K by the end of September.
TymeBank TymeBank witnessed a steady rise in weekly downloads, peaking at around 32K in the last week of September. Active users also grew consistently, starting at about 538K in late June and reaching over 605K by the quarter's end.
For more detailed insights and data, visit Sensor Tower.
