Top 5 Consumer Finance Apps on Android in South Africa Q3 2024

In the third quarter of 2024, the leading consumer finance applications on the Android platform in South Africa showcased varied performance trends, as revealed by Sensor Tower data.

Capitec Bank demonstrated a robust performance in terms of downloads, with figures fluctuating throughout the quarter. Weekly downloads started at around 179K in early July, saw a dip mid-month, and peaked at approximately 210K by the end of September. The app maintained a strong user base, with weekly active users rising from 3.3M at the start of the quarter to about 3.7M by the end.

TymeBank experienced a steady increase in weekly downloads, starting from around 60K in early July and reaching about 72K by the end of September. The weekly active users also grew significantly, beginning at approximately 905K and climbing to nearly 1.2M by the quarter's end.

The FNB Banking App showed a more varied download pattern, with numbers ranging from 26K to 56K throughout the quarter. While the active user numbers saw a slight decline, they remained substantial, closing the quarter with around 1.3M active users.

Nedbank Money had a similar download trend, with weekly downloads starting at 35K and peaking at 50K by the end of September. Active users increased steadily from approximately 469K to 585K over the quarter.

Finally, Standard Bank / Stanbic Bank showed growth in both downloads and active users. Weekly downloads began at around 25K and surged to 45K by the end of the period. Active users also increased, ending the quarter with about 641K.

These metrics provide a snapshot of the competitive landscape for consumer finance apps in South Africa. For more detailed insights, visit Sensor Tower's platform.