Opay leads. PalmPay is closing. Afriex broke in. Inside Africa's first standardised payments app ranking. | TechCabal

Ten apps. Two hundred verified users. Five performance dimensions. The first time Africa’s top fintech apps have been measured on the same scale.

If you ever wanted to know how Opay’s signup-to-transfer flow compared against PalmPay’s, or whether Afriex held its own against Chipper Cash on user experience, the honest answer was a shrug. Star ratings on the Play Store captured support complaints, not product quality. Pitch decks claimed “best UX” without evidence. The category is scaling past the point where reputation can substitute for data.

The FOLIO Fintech Performance Index changes that. FOLIO is a market research platform with 50,000+ verified users across Africa and the diaspora. Its Fintech Performance Index currently benchmarks 10 of Africa’s most-used payments and remittance apps, using 20 verified users per app across five dimensions: Friction, Cost, Clarity, Trust, and Likelihood to return.

That is over 200 users completing comparable flows, with every app measured on the same objective scale.

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