Top 5 Finance Apps on iOS in South Africa - Q1 2023

In the first quarter of 2023, the top 5 finance apps on iOS in South Africa showcased notable trends in downloads and active users. Here's a closer look at their performance based on Sensor Tower data.

Capitec Bank saw a varied trend in weekly downloads, starting with around 9.5K in late December and peaking at about 17.4K in the week of February 27. The app maintained a relatively stable number of weekly active users, fluctuating between 270K and 310K throughout the quarter.

The FNB Banking App experienced a moderate range in weekly downloads, hovering between 4.2K and 5.9K. Active users showed slight fluctuations, starting around 307K at the end of December and peaking at approximately 325K in early January before stabilizing around 303K to 314K towards the end of the quarter.

Nedbank Money had weekly downloads ranging from about 2.5K to 3.7K, with a peak in late January. The app's weekly active users remained relatively constant, ranging from 47K to 50K over the three months.

For Standard Bank / Stanbic Bank, weekly downloads varied between 2.8K and 3.5K, with a slight uptick occurring in late January. Weekly active users were steady, generally ranging from 62K to 64K throughout the quarter.

Lastly, TymeBank showed weekly downloads increasing from around 2.2K at the end of December to a peak of about 3.2K in mid-March. Active users saw a consistent rise, starting at approximately 56K in late December and reaching around 66K by the end of March.

For more detailed insights and data, visit Sensor Tower.