Electronic Payments International has listed five of the most trending companies in Twitter discussions related to payments technology, using research from GlobalData’s Banking and Payments Influencer platform.
The best companies are the most cited companies in the Twitter discussions of more than 146 payment technology experts tracked by GlobalData’s Banking and Payments Influencer platform during the second quarter (Q2) of 2022.
Trending Companies in Payment Technology Discussions: Top Five
1. Coinbase Global Inc – 163 mentions
The Coinbase wallet became the most downloaded mobile self-custody wallet in the US and 46 bought a combined $ 17.3 million worth of tokens that were listed shortly after on Coinbase, COIN -1.88% Binance and FTX , were some of the popular discussions in the second quarter.
Brian Armstrong, CEO of the cryptocurrency trading platform Coinbase, tweeted about Coinbase after going a long way. It is also the most downloaded mobile self-custody mobile wallet in the United States, he added. Plus, you don’t need to migrate anything to use it, and the same seed phrase can be used across multiple wallets. For example, thousands of tokens can be accessed with the help of real-time price charts, along with seamless DEX trading based on Oxproject’s application programming interface (API).
Armstrong also added that the wallet has the best multi-chain support and the unified view of assets has made it easy to manage cryptographic and non-fungible (NFT) tokens across all supported networks. The wallet also supported Solana and SPL tokens as well as Ethereum and EVM-compatible networks, while offering the best NFT experiences on both mobile and extension devices.
Coinbase Global Inc (Coinbase) is a cryptocurrency trading platform founded in 2012. The platform allows users to buy and sell Bitcoin across a network of over 100 countries, 245,000 ecosystem partners, and 14,500 institutions.
2. Mastercard Inc – 131 mentions
Galileo and Mastercard collaborate to accelerate digital transformation in Latin America and the Caribbean, the company that allows open banking start-ups to grow and grow, and Mastercard which has filed 15 NFT and metaverse trademark applications with the USPTO (US Patent and Trademark Office). discussed in the second quarter.
Alex Jiménez, a financial services consultant, shared an article on Galileo Financial Technologies, a subsidiary of SoFi Technologies and financial services firm Mastercard, introducing a multi-layered strategic alliance focused on accelerating digital transformation and improving business. access to financial opportunities for the underserved and unbanked sections of the Caribbean and Latin America. The collaboration should enable Latin American fintechs and broadcasters to create and implement digital financial services using the capabilities of both companies, the article notes.
Tory Jackson, Galileo’s director of development and business strategy for Latin America, said financial inclusion is at the heart of the partnership, with the high levels of digital adoption by Latin Americans likely to involve them in more solutions that reduce their dependence on liquidity, the detailed article.
Mastercard Inc (Mastercard) is a payment and technology company headquartered in Purchase, New York, in the United States. The company offers a wide range of payment solutions for debit, credit, prepaid and commercial cards; digital payments, account-based payments in real time and payment system security; transaction services such as cross-border and domestic transactions. Mastercard also offers value-added services, such as loyalty and rewards and consulting services.
3. PayPal Holdings Inc – 116 mentions
A 256% surge in PayPal’s Buy Now, Pay Later (BPNL) volumes, the company’s recent move to allow transfers from its cryptocurrency walled garden and Lending Club, PayPal’s findings reveal consumers are adopting Credit alternatives due to the rate hike were some of the popular discussions in the second quarter.
Chris Gledhill, a fintech futurist, shared an article about a 256% increase in financial technology company, PayPal’s BNPL volumes. The article highlighted that the redesigned PayPal wallet has now been installed by more than 50% of the company’s base, and that digital wallets have been associated with a 25% increase in transactions compared to other users. Additionally, active accounts increased 9% to 429 million, while transaction volume increased 18% to 5.2 billion, despite a 54% drop in transactions from ecommerce retailer eBay. On the other hand, active account transactions increased 11% to 47 transactions, the article notes.
In terms of BNPL, the company said it recorded volumes worth $ 3.6 billion in the first quarter, with nearly 18 million client accounts having chosen this financing option since its launch. Additionally, around 70% of those users used the BNPL option via the company’s digital wallet, according to the article.
PayPal Holdings Inc (PayPal) is a technology platform and digital payments company headquartered in San Jose, California, United States. It offers technology and payment solutions that facilitate mobile, in-app and online payments for consumers and merchants. In addition, the company provides other value-added services such as working capital and short-term business financing, billing and gateway services, and even peer-to-peer (P2P) payment solutions.
4. Apple Pay Limited – 77 mentions
The European Union (EU) calling Apple Pay’s mobile payment service anti-competitive and the company’s Apple Pay Later offering that allows BNPL players to try out new tactics to attract customers have been popular topics of discussion. in the second quarter.
Patricia Hewitt, creator of PG (Paymentgal) Research & Advisory Services, an independent research and consulting firm, shared an article on the EU accusing the technology company Apple of barring competitors from using its Apple Pay mobile payment system. The EU has issued a formal statement of objections with the preliminary finding that the company has abused its position as a leader in mobile wallets on iOS.
The ruling followed last year’s allegations that the company unfairly penalized competing music streaming services, the article detailed. The EU has the authority to impose fines of up to 10% of Apple’s $ 36 billion global revenue and also to force it to change its business practices. According to the EU, this exclusionary behavior from Apple leads to less innovation and choice for users of mobile wallets on the iPhone, while it is only the first formal stage of the antitrust proceedings against the company, the article further notes.
Apple Pay Limited is a mobile payment solution developed by Apple, headquartered in Cupertino, California, United States. The service allows customers to transact on the web and in iOS apps. It is supported on Apple devices, including Mac, iPad, iPhone and Apple Watch.
5. Solana – 68 mentions
Solana pledged $ 100 million to support South Korean crypto projects, the company’s launch of its web3-centric mobile app, and OpenSea kicking off its long-awaited integration of Solana, were some of the popular discussions in the second quarter. .
Spiros Margaris, board member of venture capital firm Margaris Ventures, shared an article about the cryptocurrency start-up that pledged $ 100 million to support South Korean crypto projects, as part of its strategy to enter a crypto market. developers still faltering due to the collapse of the Earth Ecosystem, blockchain protocol and payment platform. The fund was created by Solana Ventures and the Solana Foundation to focus on virtual games and invest in NFT and decentralized (DeFi) projects, the article points out.
The new funding has put Solana in direct competition with other smart platforms, such as Polygon and Avalanche, all vying for the Korean treasure trove of mourning cryptocurrency developers. Austin Federa, the head of communications for the Solana Foundation, said the Solana funding will be distributed across Web3 projects, with a key focus on strengthening Korean blockchain game developers, the article is further detailed. The East Asian country’s gaming industry was valued at over $ 15 billion in 2021, while Solana was looking to tap into that potential for crypto games.
Solana is a blockchain trading platform that develops crypto apps for decentralized apps and markets. The start-up was founded in 2018 and is headquartered in San Francisco, California, United States.