Finance app fraud rate plummets to 4.3% in Q4 2025

Investment fraud rate remained elevated.

Singapore’s overall finance app fraud rate fell to 4.3% by the fourth quarter (Q4) of 2025, improving from a peak of 78% iOS-driven data in early 2024, according to an AppsFlyer report.

Meanwhile, investment fraud remained elevated, ranging between 20% and 75% from 2024 to 2025, with Android rates exceeding overall fraud by Q4 2025.

Android accounted for 61.2% of finance app installations in Singapore in 2025, up from 34.5% in 2017, indicating a shift in platform share.

The share of paid installs peaked at around 19% on Android in the third quarter of 2024 before declining to around 10% by the end of 2025.

Overall paid install rates stabilised at about 13%, the report added.

Finance app sessions in Singapore rose to 14.5%-15% in Q4 2025 from 10%-11% in the first quarter of 2024, with Android trailing iOS in session performance in the final quarter.

Singapore accounted for 8% of Southeast Asia Android user acquisition (UA) spend and 10% of iOS spend in 2025.

The AppsFlyer report noted that China contributed 47% of Android UA spend and 43% of iOS spend in the region.

Overall finance app install growth in Singapore increased to 25.5% in 2023 before declining to 21.7% in 2025, indicating a slowdown in growth momentum.

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