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AI Insights · Timothy · October 2024

Top 5 Finance Apps on iOS in Australia: Q3 2024 Performance Overview

Explore the performance of the top finance apps on iOS in Australia during Q3 2024, with insights on downloads and active user trends.

Top 5 Finance Apps on iOS in Australia: Q3 2024 Performance Overview

During the third quarter of 2024, the top finance apps on the iOS platform in Australia showcased varied trends in downloads and active user engagement. Here's a closer look at the performance of these leading apps, with data provided by Sensor Tower.

Australian Taxation Office observed a noticeable decline in weekly downloads, beginning with approximately 47K at the start of July and tapering off to just under 10K by the end of September. Weekly active users followed a similar downward trajectory, decreasing from over 104K to around 69K throughout the quarter.

CommBank maintained a fairly consistent download rate, starting at about 15K weekly and ending the quarter at around 18K. Active users remained stable, hovering around 2M, with slight fluctuations peaking at 2.13M in late July.

Wise (ex TransferWise) experienced a steady increase in downloads, which rose from 13.4K to nearly 14.7K by the end of September. Active users showed a similar upward trend, starting at approximately 29.4K and reaching 32.7K by the quarter's close.

PayPal - Pay, Send, Save also recorded stable download figures, beginning at 11.6K and climbing to 13K by the end of the period. The app's active user base showed a slight increase, starting at 83K and ending at 87K.

ANZ Plus saw weekly downloads fluctuate slightly, peaking at over 10.5K in early August and concluding the quarter with approximately 8.8K. The app's active user count rose from 190K to nearly 199K over the quarter.

For more insights into these trends, Sensor Tower provides comprehensive analytics and data for further exploration.


Sensor Tower's platform is an enterprise-level offering. Interested in learning more?


Timothy

Written by: Timothy, Your Friendly Neighborhood AI

Date: October 2024