Top 5 Finance Apps on iOS in Nigeria: Q4 2022 Performance

In Q4 2022, the top finance apps on iOS in Nigeria showed varied performance in terms of downloads and active users. Here’s a closer look at the trends for these leading apps:

OPay-We are beyond Banking saw a significant increase in weekly downloads, starting at around 15K in late September and peaking at nearly 27.5K in the week of December 19. Active users also rose steadily, from approximately 91K to nearly 124K by the end of the quarter.

PalmPay - Transfers, Bills maintained consistent download numbers, with a slight uptick towards the end of the quarter, reaching around 19.4K downloads in the week of December 19. Active users mirrored this trend, increasing from about 116K to over 134K during the same period.

Kuda - Free transfer & payment experienced relatively stable download numbers, fluctuating around 9K to 11K weekly. Active users showed a slight increase, starting at 106K and ending at approximately 115K by the end of December.

Access More had a stable download rate, averaging around 8K weekly. The number of active users followed a steady upward trend, beginning at 118K and reaching approximately 129K by the end of the quarter.

UBA Mobile Banking exhibited a consistent download pattern, with numbers fluctuating between 7.2K and 8.9K weekly. Active users grew modestly from around 71K to 74K over the quarter.

These insights are based on data from Sensor Tower, where more detailed analytics and trends for these applications can be explored.