In This Article:
The global digital payment gateway market is projected to grow significantly, reaching an estimated value of $205.9 billion by 2030, driven by the expansion of e-commerce and the widespread adoption of mobile payments. This growth is supported by the increasing use of contactless payment methods and advancements in technologies like artificial intelligence, which enhance security and user experience. Factors such as smartphone penetration, internet connectivity, and a shift towards cashless transactions, accelerated by the COVID-19 pandemic, have fueled this market expansion. Regional analysis reveals North America as a leading market due to its strong e-commerce ecosystem and technological advancements, with key players like PayPal and Stripe spearheading innovation. As businesses and consumers increasingly demand efficient and secure transaction solutions, the market continues to evolve to meet these needs.
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PayPal Holdings last closed at $89.11 down 0.7%, hovering around its 52-week high.
In other trading, Mediobanca Banca di Credito Finanziario was trading firmly up 7.7% and closing at €16.47, a new 52-week high. In the meantime, Canara Bank trailed, down 5% to end trading at ₹91.93, close to the 52-week low. RBI imposed a monetary penalty on the bank 20 days ago for non-compliance with certain lending and deposit regulations.
Best Digital Payment Stocks
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Nu Holdings finished trading at $12.34 up 1.2%.
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Visa settled at $330.20 up 0.6%, not far from its 52-week high.
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SoFi Technologies ended the day at $17.92 down 0.6%, close to the 52-week high.
Where To Now?
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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.