Top 5 Finance Apps on iOS in Nigeria Q2 2023

During the second quarter of 2023, the top finance apps on the iOS platform in Nigeria exhibited diverse metrics in terms of downloads and active users. Below is a detailed performance analysis of the top 5 apps, based on data from Sensor Tower.

OPay-We are beyond Banking had a robust quarter, with weekly downloads fluctuating between 82K and 108K. The app saw significant spikes, particularly in the first week of May with 101.9K downloads and mid-June with 108.2K downloads. Weekly active users also showed an upward trend, growing from 361.2K at the end of March to a peak of 492.5K in mid-June.

PalmPay - Transfers, Bills experienced more modest download numbers, ranging from 21K to 46.5K per week. The highest download count was recorded at the end of March. Active users showed a steady pattern, starting at 289.3K and slightly decreasing to around 247.2K by the end of June.

Newcredit saw a general decline in weekly downloads over the quarter. Starting with 9.9K downloads at the end of March, the numbers dipped to 5.9K by the end of June. Despite the decrease, the app maintained a consistent presence in the market.

Kuda - Free transfer & payment demonstrated stable performance with weekly downloads hovering around 9K to 13.8K. Active users showed a slight upward trend, starting from 130.2K in late March and reaching up to 138.1K by the end of June.

BillPoint: VTU & Bills Payment had a varied performance in downloads, with early April seeing a peak of 40.4K downloads. However, downloads tapered off to about 3.4K by the end of June. Despite being a newer entrant, the app showed potential for growth.

For more detailed insights and data, visit Sensor Tower.