Top 5 Finance Apps in Australia Q4 2023 Performance

In the fourth quarter of 2023, the top 5 finance apps in Australia demonstrated varied performance metrics in terms of downloads and active users. Below is a detailed look at how these apps fared based on data from Sensor Tower.

Google Wallet saw a significant increase in weekly downloads, which peaked at around 53.8K in mid-December. The app started the quarter with approximately 15.7K downloads per week and ended with around 23.9K. Active users for Google Wallet showed a consistent upward trend, reaching about 215K in the third week of November before stabilizing around 190K by the end of December.

CommBank maintained a relatively stable download rate throughout the quarter, with weekly downloads fluctuating between 23.8K and 29.3K. The app's active user base remained robust, starting at approximately 3.8M and slightly decreasing to around 3.6M by the end of December.

PayPal - Pay, Send, Save experienced steady weekly downloads, averaging around 21K to 24K per week. Active users for the app hovered around the 500K mark, with a peak of approximately 542K at the end of November before slightly declining to around 497K by Christmas.

ANZ Plus showed a fluctuating download trend, peaking at roughly 25K in early November and then gradually decreasing to about 11.7K by the end of the quarter. The app's active users increased steadily, reaching a peak of around 227K in early November and stabilizing around 213K by the end of December.

Westpac had a consistent download rate with minor fluctuations, starting at approximately 17.7K and ending at around 12.2K weekly downloads. Active users for Westpac showed a peak of about 1.1M in early December, before ending the quarter at approximately 997K.

For more detailed insights and data, visit Sensor Tower.