The global banking & payments industry experienced a 13% drop in social media posts on online payments in Q1 2023 compared with the previous quarter, with the highest share accounted for PayPal, according to GlobalDataâ€™s analysis of social media posts. An overview of the impact of instant payment technology on the payments industry is included in GlobalData’s Instant Payments Market Analysis report along with information on key countries and companies in the sector and instant payment-associated risks and solutions. Buy the report here.
Notably, cryptocurrencies was one of the most frequently referenced themes in Q1 2023, ranking highest in terms of mentions ahead of blockchain and financial wellness, according to GlobalData.
Of the 50 leading companies in the banking & payments industry, PayPal had the most mentions of online payments in Q1 2023. GlobalData identified 11,969 online payments-related posts in the industry's social media activity - 0.89% of all posts - and a decrease of 13% in Q1 2023 compared with Q4 2022.
For further understanding of GlobalData's Instant Payments Market Analysis, Key Trends, Strategies, and Future Implications, 2022 buy the report here.