Top 5 Finance Apps on iOS in South Africa Q1 2024

In Q1 2024, the top 5 finance apps on iOS in South Africa demonstrated varying trends in downloads and active user engagement. Here’s a closer look at their performance:

Capitec Bank saw a consistent increase in weekly active users, starting at approximately 285K in early January and reaching around 337K by the end of March. Weekly downloads also fluctuated, peaking at 16.5K in the last week of January before stabilizing around 10K to 12K through March.

The FNB Banking App experienced a steady rise in weekly active users, beginning at 263K in the first week of January and gradually increasing to about 279K by late March. Weekly downloads showed minor fluctuations, averaging between 4.7K and 6.2K throughout the quarter.

TymeBank maintained a stable number of weekly active users, starting at approximately 92K and ending the quarter close to 98K. Weekly downloads varied slightly, with a low of 3.3K in mid-February and a high of 4.6K at the end of March.

Nedbank Money displayed consistent weekly active user numbers, hovering around 56K to 58K throughout Q1 2024. Weekly downloads showed a modest range, fluctuating between 3.4K and 4.4K during the same period.

Lastly, Standard Bank / Stanbic Bank had stable weekly active users, starting at about 70K and maintaining this level with minor variations, ending at around 70K. Weekly downloads remained relatively steady, ranging from 3.6K to 4.2K.

For more detailed insights and comprehensive data, visit Sensor Tower.