The global banking & payments industry experienced a 67% drop in company filings mentions of mobile payments in Q2 2023 compared with the previous quarter, with the highest share accounted for by Nexi with 68% year-on-year increase, according to GlobalDataâ€™s analysis of over 246 banking & payments company filings. GlobalData’s Mobile Payments – Thematic Research report explains the impact of mobile payments on the broader payments sector by identifying key trends such as open banking, the leading companies and providing a comprehensive market overview for mobile payments. Buy the report here.
Notably, mobile payments was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of online payments and low cost evolution, according to GlobalData.
Of the top leading companies in the banking & payments industry, Nexi had the greatest increase in references for mobile payments in Q2 2023, compared with the previous quarter. GlobalData identified 57 mobile payments-related sentences in the company's filings - 2% of all sentences - and an increase of 100% in Q2 2023 compared with Q2 2022. PayPalâ€™s mentions of mobile payments rose by 100% to 33 and Public Bankâ€™s by 100% to 33 and Bank of Barodaâ€™s by 100% to 13 and Mastercardâ€™s by 100% to 12.
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 mobile payments in Q2 2023 was 103.
For further understanding of GlobalData's Mobile Payments - Thematic Research buy the report here.