The global banking & payments industry experienced a 68% drop in company filings mentions of ecommerce in Q2 2023 compared with the previous quarter, with the highest share accounted for by Nexi with 26% year-on-year increase, according to GlobalDataâ€™s analysis of over 316 banking & payments company filings. GlobalData’s Business to Consumer (B2C) eCommerce Market Size, Share, Trends, and Segment Forecast to 2026 report offers a thorough analysis of the global B2C eCommerce market, segmentation and forecast by payment methods and region, and the current competitive landscape. Buy the report here.
Notably, ecommerce was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of sensory & indulgence and experience economy, according to GlobalData.
Of the top leading companies in the banking & payments industry, Nexi had the greatest increase in references for ecommerce in Q2 2023, compared with the previous quarter. GlobalData identified 29 ecommerce-related sentences in the company's filings - 1% of all sentences - and an increase of 100% in Q2 2023 compared with Q2 2022. PayPalâ€™s mentions of ecommerce rose by 100% to 20 and Discover Financial Servicesâ€™s by 100% to 10 and Public Bankâ€™s by 100% to 7 and Bank of Barodaâ€™s by 100% to 5.
GlobalDataâ€™s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for ecommerce in Q2 2023 was 108.
For further understanding of GlobalData's Business to Consumer (B2C) eCommerce Market Size, Share, Trends, and Segment Forecast to 2026 buy the report here.