AI Insights · Timothy · January 2024
Top 5 Consumer Finance Apps on Unified Platform in Nigeria in Q4 2023
Discover the performance of the top 5 consumer finance apps in Nigeria during Q4 2023, featuring trends in downloads and active users.
In Q4 2023, the top consumer finance applications in Nigeria showed varied performance trends across downloads and active users. Data from Sensor Tower provides a detailed look at these trends for Moniepoint Personal Banking, Moniepoint Business Banking, Access More, UBA Mobile Banking, and GTWorld.
Moniepoint Personal Banking experienced a fluctuation in weekly downloads, starting at around 162K in late September and ending the quarter with about 83K. The highest download spike was observed in the week of November 27 with 210K downloads. Active users increased steadily from approximately 229K to 411K by the end of December.
Moniepoint Business Banking saw a moderate variation in downloads, beginning at about 62K in late September and decreasing to 56K by the last week of December. There was a notable peak in the week of October 23 with about 86K downloads. Active users showed a consistent upward trend, starting from 267K and reaching 354K by the end of the quarter.
Access More demonstrated stable download numbers throughout Q4, starting with 32K and peaking at 57K in mid-November. The quarter ended with 37K downloads. Active user numbers fluctuated slightly, starting at around 1.02M and ending at 1.04M.
UBA Mobile Banking maintained a steady download rate, beginning at 39K and peaking at 51K in the week of November 27. By the end of December, downloads were around 39K. Active users showed a gradual increase from 550K to 560K over the quarter.
Finally, GTWorld reported a consistent download trend, starting at 44K and peaking at 49K in the first week of October. Downloads slightly decreased to about 36K by the end of December. Active users steadily increased from 689K to 700K over the period.
For more detailed insights on the performance of these apps, visit Sensor Tower.