Top 5 Finance Apps on iOS in Nigeria for Q3 2023

In Q3 2023, the finance app landscape on iOS in Nigeria saw significant activity, with OPay-We are beyond Banking, PalmPay - Transfers, Bills, Moniepoint Business Banking, Kuda - Free transfer & payment, and Daily Loan-Instant Loan Online leading the way. Here’s a closer look at their performance:

OPay-We are beyond Banking

OPay-We are beyond Banking experienced a substantial increase in weekly downloads, peaking at around 129K in the week of August 21. The app's weekly active users also saw a steady rise, climbing from approximately 454K at the start of the quarter to about 591K by the end of September.

PalmPay - Transfers, Bills

PalmPay - Transfers, Bills maintained a consistent growth in downloads, reaching a high of approximately 44K in the week of August 21. The app's active user base also showed positive trends, growing from around 247K at the beginning of the quarter to about 289K by the end of September.

Moniepoint Business Banking

Moniepoint Business Banking saw a gradual increase in downloads, with a notable peak of around 17K in the week of September 4. The active users of the app increased significantly, starting at approximately 41K and reaching around 79K by the end of the quarter.

Kuda - Free transfer & payment

Kuda - Free transfer & payment displayed stable download numbers throughout the quarter, with a peak of about 12.5K in the week of September 4. The app's active users remained relatively steady, fluctuating around the 140K mark and ending the quarter at around 144K.

Daily Loan-Instant Loan Online

Daily Loan-Instant Loan Online experienced a notable increase in downloads, peaking at approximately 20K in the week of August 21.

These insights are based on data from Sensor Tower, where you can find more detailed analytics and trends.