Top 5 Finance Apps on Android in Nigeria - Q4 2023

In Q4 2023, Nigeria's finance app market on the Android platform showcased notable activity, with five prominent apps leading in weekly downloads and active user engagement. Data from Sensor Tower reveals these trends, providing insights into the performance of OPay - Cash rain , Airtime , Transfer , Savings, PalmPay - Transfers, Bills, Moniepoint Personal Banking, Palmcredit-Personal loan, Fast Cash, Instant loan, and Moniepoint Business Banking.

OPay - Cash rain , Airtime , Transfer , Savings demonstrated a strong presence with weekly downloads peaking at approximately 477K in mid-December. Active users also saw a significant rise, starting from 1.7M in late September and growing steadily to 2.2M by the end of December.

PalmPay - Transfers, Bills experienced substantial download spikes, notably reaching around 420K in the last week of October. Active users increased from 1.2M in early October to about 1.7M by the end of the month, though there was a slight decline towards the end of December to approximately 1.5M.

Moniepoint Personal Banking maintained consistent download performance, peaking at around 198K in late November. The app's active user base grew from approximately 204K in late September to over 374K by late December, reflecting a steady upward trend throughout the quarter.

Palmcredit-Personal loan, Fast Cash, Instant loan saw weekly downloads fluctuating, with a high of about 99K in early November and a low of around 55K in mid-December. Active users showed a similar pattern, peaking at 293K in early November and stabilizing around 275K towards the end of December.

Moniepoint Business Banking also reported steady downloads, with a peak of about 85K in late October. Active users increased consistently from approximately 267K in late September to around 370K by mid-December, before slightly decreasing to 354K at the end of the month.

These performance insights highlight the dynamic nature of Nigeria's finance app market on Android. For more detailed data and comprehensive analysis, visit Sensor Tower.