Top 5 Finance Apps in Australia Q3 2023: Performance Insights

The third quarter of 2023 saw significant performance trends among the top finance apps in Australia. Here's a detailed look at the weekly downloads, active users, and revenue metrics for the top 5 finance apps on a unified platform, with data sourced from Sensor Tower.

Australian Taxation Office

The Australian Taxation Office app experienced a notable decline in weekly downloads from late June to the end of September. Starting at approximately 40.7K downloads in the last week of June, the downloads peaked at 82.6K in early July before gradually decreasing to around 12.1K by the end of September. The app maintained a consistent number of active users, starting at 107.6K in late June and peaking at 152K in early July, before stabilizing around 86K towards the end of the quarter.

CommBank

CommBank showed a steady performance in terms of weekly downloads and active users. Downloads fluctuated slightly, starting at 27.9K in late June and ending at 29.3K in late September. The active user base remained robust, hovering around 3.7M to 3.8M throughout the quarter, with a peak of 3.8M active users in the last week of September.

PayPal - Send, Shop, Manage

PayPal - Send, Shop, Manage demonstrated consistent activity in terms of downloads and active users. Weekly downloads started at 21.8K in late June, peaked at 25.3K in early July, and then stabilized around 21.5K by the end of September. Active users remained steady, starting at 504.3K in late June and ending at 511.3K in late September, with minor fluctuations throughout the quarter.

ANZ Plus

ANZ Plus saw a significant drop in weekly downloads after an initial spike. Downloads peaked at 61.3K in early July but dropped to around 14.5K by late September. Active users showed a more stable trend, starting at 169K in late June and increasing to nearly 198K by the end of September.

Google Wallet

Google Wallet maintained a relatively stable performance in terms of downloads and active users. Weekly downloads averaged around 20K, with minor fluctuations throughout the quarter. Active users started at 163.3K in late June, dipped mid-quarter, and then recovered to around 150.1K by the end of September.

For more detailed insights and data, visit Sensor Tower.