Top 5 Finance Apps in Madagascar for Q3 2023

During the third quarter of 2023, the top 5 finance applications in Madagascar showed varying performance metrics in terms of weekly downloads, revenue, and active users. Below is a detailed look at how these apps performed, based on data from Sensor Tower.

Orange Money Africa from Orange SA saw a notable fluctuation in weekly downloads. Starting with 1.2K downloads in the final week of June, the app experienced peaks of 2.4K and 2.5K in late July and mid-September, respectively. The lowest download count was 1.2K in mid-July.

MVola had a steady increase in downloads throughout the quarter. From a low of 564 downloads in early July, the app reached a high of 1.3K by the last week of September.

Taptap Send: Send money abroad from Taptap Send, Inc. showed a more stable trend in weekly active users, with minor fluctuations. Active users ranged from 1.6K in the last week of June to a peak of 1.8K in mid-July. Downloads, however, showed a slight decline over the quarter, ending with 596 in the last week of September from a high of 861 in the last week of June.

MetaTrader 5 — Forex, Stocks by MetaQuotes Software Corp. saw a consistent rise in both downloads and active users. Downloads increased from 448 in late June to a peak of 880 by the end of September. Active users followed an upward trend as well, starting at 2.2K and reaching 3.2K by the end of the quarter.

MyBOA - Mobile Banking from BANK OF AFRICA experienced relatively stable downloads, ranging between 497 and 631 throughout the quarter, ending with 620 in the last week of September.

For more detailed insights and further analysis, visit Sensor Tower.