In This Article:
The global Fintech as a Service (FaaS) market is experiencing significant growth, projected to increase from $387 billion in 2024 to $1.1 trillion by 2030, driven by a compound annual growth rate of 18.4%. This expansion is facilitated by technological advancements such as cloud computing, AI, machine learning, and blockchain, which enable businesses to seamlessly integrate digital financial solutions into their operations. The growth of FaaS is further supported by open banking regulations, pushing traditional financial institutions to innovate and remain competitive. Across various industries, including retail, healthcare, and logistics, FaaS is being adopted to streamline operations and improve customer experiences, highlighting its transformative impact on the digital payment landscape.
In other trading, Emirates Islamic Bank PJSC was a notable mover up 14.9% and finishing the session at AED9.51, a new 52-week high. At the same time, REC softened, down 5.2% to end trading at ₹405.50, not far from its 52-week low. On Friday, REC announced the promotion of Smt. Saraswathi as Executive Director following the retirement of Shri Ajay Mathur.
Best Digital Payment Stocks
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PayPal Holdings ended the day at $88.58 down 1.1%.
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Nu Holdings finished trading at $13.24 down 1.5%.
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SoFi Technologies closed at $15.78 down 4%.
Key Takeaways
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Explore the 188 names, such as Bank of Shanghai, Qatar Islamic Bank (Q.P.S.C.) and Bank of America, from our Digital Payment Stocks screener here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.