Tortoise
Global Digital Payments Infrastructure Index℠ (TPAY)

The electronic payment is the preferred payment for billions across the globe. An electronic payment is a way of paying for goods or services electronically instead of using cash or check, and would include forms of payment such as credit cards, electronic wallets, and mobile payments. Electronic transaction systems offer fast and secure methods of paying for goods and services for both consumers and businesses. As preferences continue to move further away from cash payments and towards electronic payments, the infrastructure and services required to support electronic payments increasingly become more critical to the modern global economy. Additionally, transactions keep growing with population, economic growth, and the development of emerging markets.

The Tortoise Global Digital Payments Infrastructure IndexSM represents the existing global electronic transactions landscape. It is a proprietary, rules-based, modified market capitalization-weighted, float-adjusted index comprised of companies that are materially engaged in electronic transactions, including merchant processing and settlement, real time record keeping, settlement networks, and Fintech products/ services that facilitate the ease, efficiency, and speed of electronic transactions. This includes companies whose primary business is comprised of one or a combination of the following categories: credit card networks, electronic transaction processing and associated products/services, credit card issuers, electronic transaction processing software (payments Fintech) or online financial services market places. 

Methodology highlights

  • Transactions requirement: Requires 50% of gross revenues, operating income, EBITDA or assets be derived from the electronic transactions
  • Investibility: Scaled liquidity requirement facilitates an index that is investible in practice
  • Research based: Inclusion criteria based on Tortoise’ fundamental research
  • No individual securities may be more than a 4.5% weight of the total index market cap as of the reference date

 

Tortoise QuickTake Podcast - Digital Infrastructure Overview

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TPAY
Index Stats as of 9/21/2018
Tickers
Price TPAY
Total Return TPAYMENT
Base Date December 21, 2012
Calculated by Solactive AG
Rebalancing Quarterly
Number of Constituents 56
Market Capitalization $1.2 trillion
Average Constitutent Size $20.7 billion
Median Constitutent Size $3.4 billion

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You are now leaving Tortoise website and are going to a website that is not operated by Tortoise and its affiliated companies. We are not responsible for the presentation of information on this site. If you select Continue, please note: The articles on the third-party websites contain the opinions of the author(s) and those interviewed by the author(s) but not necessarily those of the advisor, funds or distributor. The articles are distributed for educational purposes and should not be considered investment advice, an offer of any security for sale, or a recommendation of any particular security, strategy or investment product.


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