Top 5 Finance Apps on Android in South Africa for Q1 2024

The first quarter of 2024 showcased notable trends for the top 5 finance apps on the Android platform in South Africa. The data, sourced from Sensor Tower, reveals interesting insights into the performance of these apps.

Capitec Bank experienced a significant rise in weekly downloads, starting from 85.8K at the beginning of January and peaking at approximately 164.8K in mid-March. Active users also showed a positive trend, increasing from 2.8M to over 3.2M by the end of the quarter.

VodaPay from Vodacom Pty Ltd demonstrated a sharp increase in weekly downloads, particularly in March, with a peak of around 140.7K. Active users followed a similar trend, rising from 347.8K in early January to nearly 493.5K by mid-March.

TymeBank saw its weekly downloads grow steadily, reaching a high of 51.8K in the week of March 18. Active users fluctuated throughout the quarter but ended on a positive note, climbing from 867.8K to over 915.8K.

The FNB Banking App maintained consistent downloads, with a notable increase in March, peaking at 41.6K. Active users saw a steady rise from 1.3M in early January to approximately 1.5M by the end of the quarter.

Nedbank Money showed a steady performance in weekly downloads, peaking at around 37.3K in mid-March. Active users displayed a slight uptrend, growing from 490.8K to nearly 493.8K by the end of the quarter.

These insights highlight the dynamic landscape of finance apps in South Africa. For more detailed information and additional insights, visit Sensor Tower.