The global banking & payments industry experienced a 49% drop in company filings mentions of cryptocurrencies in Q2 2023 compared with the previous quarter, with the highest share accounted for by PayPal with 24% year-on-year decrease, according to GlobalData’s analysis of over 135 banking & payments company filings. GlobalData’s Banking and Payments Predictions in 2023 – Thematic Intelligence report includes a detailed analysis of the impact of blockchain and other key themes such as AI, conversational platforms, and cloud on the banking and payments industry. Buy the report here.
Notably, cryptocurrencies was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of esports and energy transition, according to GlobalData.
Of the top leading companies in the banking & payments industry, PayPal had the greatest increase in references for cryptocurrencies in Q2 2023, compared with the previous quarter. GlobalData identified 22 cryptocurrencies-related sentences in the company's filings - 1% of all sentences - and a decrease of 24% in Q2 2023 compared with Q2 2022. Mastercard’s mentions of cryptocurrencies dropped by 70% to 6 and Nasdaq’s by 78% to 2.
GlobalData’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 cryptocurrencies in Q2 2023 was 86.
For further understanding of GlobalData's Banking and Payments Predictions in 2023 – Thematic Intelligence buy the report here.