NasdaqGS:SOFI
NasdaqGS:SOFIConsumer Finance

Digital Payment Update - PaaS Growth Driven By Evolving Consumer Preferences and Tech Advancements

The global Payment as a Service (PaaS) market is poised for significant growth, propelled by the rise of subscription-based business models and the need for recurring billing solutions. Evolving consumer preferences for seamless digital payment experiences and the expansion of e-commerce are driving increased demand for PaaS platforms, which support multi-currency transactions and enhanced security features through AI integration. Technological advancements and the shift toward digital and...