Top 5 Finance Apps Performance in South Africa Q2 2024

In the second quarter of 2024, the top 5 finance applications in South Africa demonstrated varied performance trends, highlighting shifts in user engagement and app popularity. Here’s a closer look at the weekly downloads, active users, and revenue data, courtesy of Sensor Tower.

Capitec Bank saw notable fluctuations in its weekly downloads, starting strong with approximately 176K in the first week of April but gradually declining to around 91K by the end of June. The app's weekly active users peaked at about 3.78M in the final week of June, showing a general upward trend despite some mid-quarter dips.

TymeBank experienced a significant increase in weekly downloads, reaching a high of approximately 74K in late May. Weekly active users exhibited steady growth, peaking at around 1.12M in mid-May and maintaining over 1M towards the end of the quarter.

VodaPay maintained a consistent performance with weekly downloads fluctuating between 43K and 91K. Active users showed stability, hovering around 450K to 480K throughout the quarter, with a slight peak of 489K in mid-April.

The FNB Banking App had steady weekly downloads, ranging from 29K to 42K, and its active user base remained relatively stable, averaging around 1.6M. The app saw a small increase in active users to approximately 1.65M by the end of June.

Nedbank Money showed a positive trend in weekly downloads, starting at around 41K and climbing to approximately 43K by the end of June. Active users also increased, reaching a peak of about 578K in the final week of the quarter.

For more detailed insights and data, visit Sensor Tower.