Top 5 Finance Apps in South Africa Q4 2022

During the fourth quarter of 2022, the top five finance apps in South Africa showcased diverse performance trends across downloads and active user engagement. Here’s a detailed look at the data, sourced from Sensor Tower.

Capitec Bank saw notable fluctuations in its weekly downloads, peaking at approximately 160.6K in the week of October 24 and declining to around 35.7K by the end of December. Active users ranged from 2.9M to 3.2M, with a peak in late October.

VodaPay experienced a steady increase in weekly downloads, reaching nearly 52K in early November before tapering off to about 29.3K by the end of December. The app's weekly active users showed a gradual increase, peaking at around 328K in mid-December.

TymeBank demonstrated consistent growth in downloads, peaking at 42.2K in late October and then decreasing to about 21K by the end of December. Active users increased steadily, reaching approximately 666K in early December.

The FNB Banking App maintained a relatively stable download rate, with a peak of 36.4K in late November and a low of 20.7K by the end of December. Active users ranged from 1.7M to 1.8M, showing a general upward trend throughout the quarter.

Nedbank Money saw its weekly downloads peak at approximately 34.1K in late October, with a gradual decrease to about 19.9K by the end of December. Active users showed a steady increase, peaking at around 451K in early December.

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