Top 5 Finance Apps in Australia: Q1 2023 Performance

The first quarter of 2023 saw notable performances from the top 5 finance apps in Australia on a unified platform. Here's a closer look at their trends in downloads, revenue, and active users.

CommBank from Commonwealth Bank of Australia maintained a strong presence with weekly downloads ranging from 24.5K to 30.1K. The app saw its highest downloads at the start of January with around 30.1K. Weekly active users fluctuated slightly but remained robust, peaking at approximately 3.7M towards the end of March.

PayPal - Pay, Send, Save from PayPal Mobile experienced varying download trends, starting the quarter with about 23.9K and reaching up to 31.5K in the first week of January. Active users showed a consistent performance, with numbers hovering around the 500K mark, peaking at approximately 511K in early January.

Google Wallet from Google LLC had a steady download rate, with weekly downloads ranging between 18.1K and 28.8K. The app saw a peak in downloads in mid-January, reaching about 28.8K. Active users showed a positive trend, increasing from 158K at the end of December to approximately 176K by the end of March.

ANZ Plus from Australia and New Zealand Banking Group Limited saw weekly downloads between 14.8K and 20.9K, with the highest downloads occurring in mid-February at around 20.9K. Active users grew steadily throughout the quarter, starting from 75K at the end of December and reaching approximately 117K by the end of March.

Ubank Money App from Ubank showed significant growth in downloads, starting with 9.6K at the end of December and peaking at around 29.9K in early March. Active users also increased significantly, beginning with 92K and rising to approximately 141K by early March, before slightly declining to 130K by the end of the quarter.

These insights highlight the strong presence and growing user engagement of finance apps in Australia. For more detailed analytics and insights, visit Sensor Tower.