Top 5 Finance Apps on iOS in Nigeria Q1 2023

In Q1 2023, the top finance apps on iOS in Nigeria demonstrated notable performance trends, according to data from Sensor Tower. Below, we explore the weekly downloads and active user metrics for each app.

OPay-We are beyond Banking saw a significant rise in weekly downloads, starting at around 19K in late December and reaching approximately 99K by the end of March. Active users also increased from nearly 120K to over 361K throughout the quarter.

PalmPay - Transfers, Bills experienced a steady growth in weekly downloads, beginning at roughly 15K and peaking at around 67K in mid-March before a slight decline to 46K by the end of the quarter. The active user base grew from about 131K to 289K over the same period.

Kuda - Free transfer & payment exhibited consistent weekly downloads, starting at 10K and rising to about 18K in early March, before ending the quarter at around 14K. The number of active users remained relatively stable, fluctuating between 114K and 135K.

UBA Mobile Banking showed a moderate increase in weekly downloads, beginning at 7K and reaching a high of 14K by early February, then stabilizing around 9K towards the end of March. Active users saw a gradual rise from 74K to 87K throughout the quarter.

Newcredit had a fluctuating download pattern, starting at 1K in late December, peaking at 15K in early March, and ending the quarter at around 10K.

For more detailed insights and data, visit Sensor Tower.