The global consumer industry experienced a 16% drop in company filings mentions of digital payments in Q2 2023 compared with the previous quarter, with the highest share accounted for by Conagra Brands, according to GlobalData’s analysis of over 31 consumer company filings. 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, digital payments was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of esports and online payments, according to GlobalData.
Of the top leading companies in the consumer industry, Conagra Brands had the greatest increase in references for digital payments in Q2 2023, compared with the previous quarter. GlobalData identified one digital payments-related sentences in the company's filings - 0.1% of all sentences - and an increase of 100% in Q2 2023 compared with Q2 2022.
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 digital payments in Q2 2023 was 139.
For further understanding of GlobalData's Instant Payments Market Analysis, Key Trends, Strategies, and Future Implications, 2022 buy the report here.