Top 5 Finance Apps in Australia Q2 2023

In Q2 2023, the top finance apps in Australia showed varied performance across downloads, revenue, and active user metrics. Here’s a detailed look at how these apps fared:

CommBank maintained a steady rate of weekly downloads, starting at around 24.6K in late March and peaking at approximately 27.9K by the end of June. Active users also demonstrated stability, fluctuating between 3.6M and 3.7M throughout the quarter.

PayPal - Send, Shop, Manage showed consistent weekly downloads, with figures hovering around 19.3K to 24.5K across the quarter. Active users followed a similar trend, ranging from 471K to 504K, with a notable peak in late June.

Google Wallet saw moderate weekly downloads, moving from about 16.1K to 22.3K by the end of June. Weekly active users saw a slight decrease over the quarter, starting at 175K and ending at 163K.

ANZ Plus experienced a significant increase in weekly downloads, particularly noticeable in the last week of June, reaching approximately 24.9K. Active users increased steadily from 113K in early April to 168K by the end of June.

Ubank Money App had a variable download trend, peaking at around 22.1K in late March and dropping to 10.7K by the end of June. Active users remained relatively stable, ranging from 130K to 146K throughout the quarter.

For more detailed insights into app performance, visit Sensor Tower.