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The SoftPOS market, integral to the digital payment landscape, is anticipated to grow extensively, rising from USD 365 million in 2024 to USD 1.24 billion by 2030. This surge is driven by the increasing adoption of contactless payments and the expansion of payment technologies. Particularly appealing to small businesses for its cost-effectiveness and ease of use, SoftPOS systems have seen heightened demand in various sectors, including retail, where they significantly enhance operational efficiency. The Asia-Pacific region is expected to witness remarkable growth due to the growing demand for contactless payment solutions. Moreover, the proliferation of smartphones and the trend toward touchless payments, accelerated by the COVID-19 pandemic, contribute substantially to this market expansion.
In other market news, Fiserv was a notable mover up 4.7% and closing at $166.66. Meanwhile, Banco do Brasil lagged, down 12.7% to end trading at R$25.67.
Best Digital Payment Stocks
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SoFi Technologies closed at $13.92 up 2.6%.
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PayPal Holdings finished trading at $72.18 up 0.9%. Three days ago, PayPal recommended voting against shareholder proposals to lower the meeting threshold and report on charitable giving.
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Nu Holdings closed at $13.05 down 0.6%.
Where To Now?
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Click here to access our complete index of 199 Digital Payment Stocks, which features HSBC Holdings, Power Finance and Global Payments.
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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.
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