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The global banking & payments industry experienced a 52% drop in company filings mentions of mobile payments in Q1 2024 compared with the previous quarter, with the highest share accounted for by National Bank of Kuwait with 300% year-on-year increase, according to GlobalData’s analysis of over 393 banking & payments company filings. GlobalData’s Banking & Payments: Filings Trends & Signals Q1 2024 report delves into earnings call transcripts and quarterly reports within the industry, extracting trends, signals, and comparative data to help businesses assess their performance, identify competitive intelligence, evaluate risks, and gain a comprehensive understanding of key industry events. Buy the report here.

Notably, mobile payments was one of the most frequently referenced themes in Q1 2024, ranking highest in terms of mentions, ahead of ecommerce and insurtech, according to GlobalData.

Of the top leading companies in the banking & payments industry, National Bank of Kuwait had the greatest increase in references for mobile payments in Q1 2024, compared with the previous quarter. GlobalData identified 16 mobile payments-related sentences in the company's filings - 0.7% of all sentences - and an increase of 300% in Q1 2024 compared with Q1 2023. PayPal’s mentions of mobile payments dropped by 55% to 15 and Mastercard’s by 21% to 11 and Nordea Bank Abp’s by 175% to 11 and DBS Group’s by 23% to 10.

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 mobile payments in Q1 2024 was 90.

For further understanding of GlobalData's Banking & Payments: Filings Trends & Signals Q1 2024, buy the report here.

This content was updated on 24 April 2024

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies across the world’s largest industries.