The global banking & payments industry experienced 0.37% drop in social media posts on digital banking in Q1 2023 compared with the previous quarter, with the highest share accounted for Apple Pay, according to GlobalData’s analysis of social media posts. GlobalData’s Digital Banking Trend Analysis report provides an overview of the current state of play among digital-only banks across the world. It analyses the business models of 11 digital-only providers based on their successes, failures, strengths, weaknesses, and future prospects. 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, Apple Pay had the most mentions of digital banking in Q1 2023. GlobalData identified 4,603 digital banking-related posts in the industry's social media activity - 0.34% of all posts - and a decrease of 0.37% in Q1 2023 compared with Q4 2022.
For further understanding of GlobalData's Digital Banking Trend Analysis buy the report here.