Top 5 Finance Apps on Android in South Africa, Q3 2023

During the third quarter of 2023, the top five finance apps on the Android platform in South Africa showcased significant performance trends. The data, sourced from Sensor Tower, provides an insightful look into weekly downloads, active users, and revenue where applicable.

Capitec Bank saw its weekly downloads fluctuate, starting from about 130K in late June and experiencing a dip to approximately 68K by early August. However, the app showed a strong recovery, peaking at over 155K downloads by the end of September. Active users for Capitec Bank also demonstrated a robust presence, with numbers ranging from around 2.8M to nearly 3M throughout the quarter.

TymeBank experienced a steady performance in terms of downloads, maintaining figures between 28K and 45K weekly. The app's active user base remained consistently strong, fluctuating between 665K and approximately 790K over the quarter.

VodaPay marked a notable increase in activity, particularly in weekly downloads which started at about 24K and rose to nearly 38K by the end of September. The active user count showed a stable trend, maintaining figures close to 290K to 320K throughout the quarter.

Nedbank Money exhibited consistent weekly download figures, beginning at around 24K and reaching a peak of over 40K in mid-September. Active users for Nedbank Money displayed a positive trend, increasing from approximately 424K to over 450K by the end of the quarter.

Lastly, the FNB Banking App recorded weekly downloads ranging from about 23K to 34K. Active users for the app showed a slight but steady increase, starting at around 1.5M and ending the quarter with over 1.5M active users.

For more detailed insights and data, visit Sensor Tower.