The way that people receive financial services has changed due to the proliferation of mobile apps in Africa’s rapidly developing fintech sector. The alternatives range from banking and lending to investing, saving, and payment methods; the choices are as varied as the continent. Still, it remains to be seen which apps have won over Africans’ hearts by accumulating the most downloads, highest reviews, and standout features. Come along on a journey through the growth of fintech in Africa as we reveal the the top 5 most used mobile banking apps in Africa.
The most popular app shop in Africa, Google Play shop, has a category for money, therefore we looked at the best free apps there. The utilization rank, which is determined by a Bing algorithm that takes into account the number of installs and active users in the chosen country, category, and leaderboards during the last 28 days, was also taken into account.
1. M-Pesa
M-Pesa has over 50 million users and a 4.5-star rating on Google Play, making it the most popular mobile banking app in Africa. M-Pesa is a smartphone application that offers loans, transfers, and payments to people and companies quickly and easily. M-Pesa allows you to send and receive money, pay bills, purchase airtime, and do a lot more. Operating under license from the Central Bank of Kenya and other regulators in ten African nations, M-Pesa is a mobile money operator.
2. Fidelity Bank
Fidelity Bank has received over 500,000 downloads and 4.3 stars on Google Play, making it the second most popular mobile banking app in Africa. One of the top banks in Ghana, Fidelity Bank provides a variety of banking services and products. The Fidelity Bank mobile app allows you to do a lot of things, such pay bills, purchase airtime, check your account, and transfer funds. In addition, there are discounts, loyalty points, and free ATM withdrawals available to you.
3. SC Mobile
SC Mobile, with over 100,000 downloads and a rating of 4.1 stars on Google Play, is the third most popular mobile banking app in Africa. Standard Chartered Bank’s mobile banking app, SC Mobile, provides a number of financial services and products. With the SC Mobile app, you can pay bills, purchase airtime, deposit money, transfer funds, start an account, and do much more. In addition, there are discounts, loyalty points, and free ATM withdrawals available to you.
4. iPay Solutions
iPay Solutions, with over 50,000 downloads and 4.1 stars on Google Play, is the fourth most popular mobile banking app in Africa. Payments can be accepted and made online, in-store, and via mobile devices thanks to iPay Solutions, a payment gateway provider. iPay Solutions accepts payments by USSD, Visa, Mastercard, and mobile money. Additionally, you can incorporate iPay Solutions into your program, app, or website.
5. BezoMoney
BezoMoney has received over 10,000 downloads and 4.0 ratings on Google Play, making it the fifth most popular mobile banking app in Africa. A digital savings platform called BezoMoney is designed for informal and semi-formal savings plans, particularly savings groups. You can make financial contributions, join or start a savings organization, and get credit based on your past saves. You can also receive financial advice and monitor the status of your money.
