Top 5 Finance Apps on iOS in Africa - Q1 2023

In the first quarter of 2023, the top finance applications on iOS in Africa exhibited significant activity. Here’s a detailed look at the performance of the top 5 apps based on data from Sensor Tower.

OPay-We are beyond Banking saw a remarkable rise in weekly downloads, starting from 19.4K at the end of December 2022 and reaching up to 101.5K by the end of March 2023. Active users mirrored this upward trend, climbing from 119.9K to 361.3K over the same period.

PalmPay - Transfers, Bills also experienced a steady increase in weekly downloads, beginning at 14.9K and peaking at 67.4K in the week of March 20. Active users grew from 133.7K to a high of 313.8K before settling at 290.9K by the end of the quarter.

InstaPay Egypt maintained a consistent performance with weekly downloads starting at 33.5K and fluctuating to a peak of 39.8K by late February. Active user numbers saw a continuous rise from 121.9K to 194.1K throughout the quarter.

Kuda - Free transfer & payment showed a steady increase in weekly downloads, starting from 10.2K and reaching up to 18.4K in early March. Active users rose from 116.1K to a peak of 136.9K by mid-March, before slightly declining to 131.9K by the end of the quarter.

Capitec Bank displayed stable growth in weekly downloads, beginning at 9.5K and peaking at 17.5K by late February. The app's active users increased from 283.2K to a high of 313.4K, maintaining a strong user base throughout the quarter.

For more insights and detailed data, visit Sensor Tower.