Top 5 Finance Apps on Android in Africa Q2 2024

In Q2 2024, the top five finance apps on the Android platform in Africa showed varying performance trends in terms of downloads, revenue, and active users. Below, we break down the metrics for each app, based on data from Sensor Tower.

OPay - Cash rain , Airtime , Transfer , Savings

Weekly downloads for OPay peaked early in the quarter with around 503K in the week of April 8, before experiencing a decline and stabilizing around 270K by the end of June. Weekly active users showed a downward trend from approximately 3M in early April to about 2.7M by the end of June.

Tonkeeper — TON Wallet

Tonkeeper saw a significant increase in weekly downloads, jumping from approximately 42K in early April to over 571K by mid-June. Active users also followed a similar upward trajectory, starting from around 107K in early April and reaching nearly 1.2M by the end of June.

PalmPay - Transfers, Bills

PalmPay experienced fluctuations in weekly downloads, peaking at 415K in the week of April 22 and then declining to around 139K by the end of June. The number of active users also showed a similar pattern, peaking at 2.2M in late April and then decreasing to approximately 1.7M by the end of June.

Phantom

Phantom had a notable spike in weekly downloads in mid-May, reaching around 530K, but dropped significantly to about 29K by the end of June. Active users mirrored this trend, peaking at around 850K in late May and then falling to about 543K by the end of June.

Binance: Buy Bitcoin & Crypto

Binance saw a consistent increase in weekly downloads, starting from around 61K in early April and peaking at approximately 387K in early June. Active users also showed an upward trend, increasing from around 968K in early April to about 1.1M by early June, before slightly dropping to around 1M by the end of June.

These insights highlight the dynamic nature of the finance app market in Africa. For more detailed data and insights, visit Sensor Tower.