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This Week In Digital Payment - Africa's Fintech Surge Fuels Financial Inclusion Growth
Reviewed by Simply Wall St
Africa is experiencing a significant shift in its financial landscape, propelled by fintech innovation and the expansion of cross-border digital payments. As cross-border payment systems on the continent are expected to escalate from $329 billion in 2025 to $1 trillion by 2035, this growth is linking millions through mobile money solutions and bolstering financial inclusion. However, the digital payment boom brings increased cybersecurity challenges, emphasizing the need for fintechs to adopt advanced AI technologies for fraud detection and enhanced data security. The upcoming Digital Finance Africa 2025 conference in Johannesburg will bring together industry leaders to explore these developments, focusing on secure, inclusive financial solutions.
In other market news, IDBI Bank (NSEI:IDBI) was trading firmly up 4.6% and finishing the session at ₹101.27. At the same time, Grupo Financiero Inbursa. de (BMV:GFINBUR O) softened, down 4.9% to finish the session at MX$48.61.
Best Digital Payment Stocks
- SoFi Technologies (NasdaqGS:SOFI) finished trading at $13.30 up 1%.
- Visa (NYSE:V) finished trading at $365.19 up 0.8%, near its 52-week high.
- PayPal Holdings (NasdaqGS:PYPL) closed at $70.28 down 0.9%.
Turning Ideas Into Actions
- Dive into all 200 of the Digital Payment Stocks we have identified, like Taiwan Cooperative Financial Holding, Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna and Hana Financial Group, right here.
- Ready To Venture Into Other Investment Styles? AI is about to change healthcare. These 23 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early.
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.
Sources:
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About NasdaqGS:SOFI
SoFi Technologies
Provides various financial services in the United States, Latin America, Canada, and Hong Kong.
Reasonable growth potential with adequate balance sheet.
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