AI Insights · Timothy · October 2023
Top 5 iOS Finance Apps in South Africa Q3 2023
Discover the performance of the top 5 finance apps on iOS in South Africa for Q3 2023, including trends in downloads and active users. Data sourced from Sensor Tower.
The third quarter of 2023 saw varied performance for the top finance apps on the iOS platform in South Africa. Let's dive into the weekly trends in downloads and active users for the top five apps: Capitec Bank, SARS Mobile eFiling, FNB Banking App, Standard Bank / Stanbic Bank, and Nedbank Money.
Capitec Bank experienced a steady increase in weekly downloads, peaking at approximately 17.1K in the final week of September. The app's weekly active users also showed an upward trend, reaching around 305K by the end of the quarter.
SARS Mobile eFiling had a significant spike in weekly downloads, with a notable high of nearly 29.4K in early July. However, the downloads gradually decreased to about 2.1K by the end of September. Active users saw a similar pattern, peaking at 52.2K and then stabilizing around 19.5K towards the quarter's end.
FNB Banking App maintained a consistent download rate throughout Q3 2023, with weekly downloads ranging from 4.1K to 5.8K. The app's active users fluctuated slightly but generally remained around the 300K mark, closing the quarter at approximately 314K.
Standard Bank / Stanbic Bank showed steady weekly downloads, reaching a peak of approximately 3.8K in mid-September. Active users hovered around 66K to 67K, displaying minor fluctuations but overall stability.
Nedbank Money saw a gradual increase in weekly downloads, peaking at about 3.7K at the end of the quarter. Active users rose steadily, finishing Q3 2023 with around 54.2K.
For more detailed insights and data, visit Sensor Tower.