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Latest News In Digital Payment - Driving Growth With Real-Time And Recurring Payment Innovations
Reviewed by Simply Wall St
A recent study by Juniper Research highlights significant growth prospects in the digital payment space, with global Account-to-Account (A2A) payment transaction values projected to rise by 113% over the next five years, reaching $195 trillion by 2030. This growth is being driven by the implementation of real-time payment systems, which are expected to facilitate new payment use cases like instant payroll and real-time bill settlements. Enhanced data sharing in real-time payments is also poised to enhance the use of AI and programmable payments, optimizing cash flow and working capital management for businesses. Furthermore, the development of recurring payment capabilities, such as Variable Recurring Payments (VRPs), is essential for the long-term success of A2A schemes, offering increased flexibility and efficiency, particularly highlighted by its adoption in markets like Brazil.
Elsewhere in the market, SoFi Technologies (NasdaqGS:SOFI) was trading firmly up 5% and closing at $29.51, near its 52-week high.
Best Digital Payment Stocks
- Nu Holdings (NYSE:NU) closed at $16.17 up 1.1%, not far from its 52-week high.
- Visa (NYSE:V) finished trading at $341.61 up 1%.
- PayPal Holdings (NasdaqGS:PYPL) ended the day at $68.22 down 0.4%.
Key Takeaways
- Investigate our full lineup of 216 Digital Payment Stocks featuring TS Financial Holding, ANZ Group Holdings and China Zheshang Bank right here.
- Searching for a Fresh Perspective? The end of cancer? These 29 emerging AI stocks are developing tech that will allow early idenification of life changing disesaes like cancer and Alzheimer's.
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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About NasdaqGS:SOFI
SoFi Technologies
Provides various financial services in the United States, Latin America, Canada, and Hong Kong.
Reasonable growth potential with proven track record.
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