Top 5 Finance Apps on Android in South Africa Q2 2024

In Q2 2024, the top 5 finance apps on the Android platform in South Africa showcased varying performance trends in terms of downloads and active users. Here's a detailed insight into their performance:

Capitec Bank saw significant weekly downloads, starting strong with approximately 163K in early April, but experienced a gradual decline to around 71K by the end of June. Despite the drop in downloads, weekly active users remained robust, fluctuating between 3.1M and 3.4M, peaking at nearly 3.43M in the last week of June.

TymeBank had a fluctuating download pattern, beginning the quarter with about 52K and reaching a peak of around 69K in late May. Active users showed a positive trend, growing from approximately 887K in early April to nearly 959K by the end of June, with a notable spike to over 1M in mid-May.

VodaPay experienced a decline in downloads from around 78K in the first week of April to about 39K by the end of June. However, active users remained relatively stable, ranging between 374K and 416K, with a slight increase towards the end of the quarter.

The FNB Banking App maintained a consistent download rate, starting at around 36K and ending with approximately 36K in June. Active users showed minor fluctuations, starting at 1.41M and slightly decreasing to 1.37M by the end of the quarter.

Nedbank Money had a steady increase in downloads, starting at about 34K in early April and reaching approximately 36K by the last week of June. Active users also demonstrated growth, from around 475K to over 515K by the end of the quarter.

These insights are based on data from Sensor Tower. For more detailed analytics and trends, visit Sensor Tower.