- Ripple ranked among the top 40 global digital payment firms alongside Paypal.
- CNBC collaborated with Statista to evaluate over 1,500 firms across nine segments.
- The digital payments industry is valued at $54 trillion and poised for further growth.
In a recent research report, Ripple, the US-based blockchain technology firm, has been ranked among the top 40 global digital payment firms, cementing its position alongside industry giants like Tencent (HK:0700) and Paypal.
The research report was CNBC’s inaugural ranking of 200 Global fintech companies.
Ripple President Monica Long expressed immense pride as Ripple secured a spot on CNBC’s World’s Top Fintech Companies ranking. Long took particular importance on the feat given that Ripple was among the few honored crypto companies.
So proud of team @Ripple on making @CNBC’s inaugural World's Top Fintech Companies list. We’re one of only a handful of crypto companies honored – a feat we don’t take lightly. Thanks @Ryan_Browne_ for having me on to discuss our recent global momentum. https://t.co/jWEsr11jeM https://t.co/qf3ISb5WZ3— Monica Long (@MonicaLongSF) August 2, 2023
Regarding the report, CNBC collaborated with independent research firm Statista to meticulously evaluate over 1,500 payment companies across nine market segments. It analyzed crucial performance indicators such as revenue, user numbers, and total funding raised.
After the exhaustive review, the resulting list features some of the biggest names in the fintech sector, including Binance and Coinbase (NASDAQ:COIN), alongside a host of promising startups determined to reshape the future of financial services.
Statista identified 40 companies under the Digital Payments category, spotlighting major players like Ripple, Chinese mobile wallet Alipay, and tech giant Tencent. Meanwhile, crypto exchanges Binance, Coinbase, and BitMart were ranked in the Digital Assets category.
Interestingly, the report highlighted that the digital payments industry is currently valued at an astounding $54 trillion and is expected to grow as digital adoption spreads worldwide.
Moreover, CNBC’s research sheds light on the buy now, pay later sector, which faced immense pressure due to concerns over declining consumer spending amid rising inflation. Companies like Klarna of Sweden, Affirm of the U.S., and Afterpay of Australia emerged as lifelines for many individuals seeking flexible payment options.
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