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- NasdaqGS:PYPL
Latest News In Digital Payment - Evolving Consumer Payment Trends Reshape Financial Landscapes
Reviewed by Simply Wall St
The U.S. digital payments landscape is undergoing significant transformation, propelled by the growth of mobile wallets, Buy Now, Pay Later (BNPL) options, and increasing cryptocurrency ownership. The report reveals that while nearly 70% of online adults have used digital payments recently, small business adoption of digital wallets lags behind, with less than 60% acceptance. Credit cards remain dominant, but alternative methods like account-to-account (A2A) transfers and real-time payments are gaining ground, indicating a shift in consumer payment preferences. As digital transactions evolve, insights into e-commerce trends and digital payment market dynamics are increasingly crucial.
In other market news, Jack Henry & Associates (NasdaqGS:JKHY) was trading firmly up 4.2% and finishing the session at $191.28, not far from its 52-week high. At the same time, Adyen (ENXTAM:ADYEN) lagged, down 4.2% to finish the session at €1,593.60.
Best Digital Payment Stocks
- PayPal Holdings (NasdaqGS:PYPL) settled at $70.48 up 3.5%.
- Nu Holdings (NYSE:NU) ended the day at $10.81 up 1.5%.
- SoFi Technologies (NasdaqGS:SOFI) closed at $12.59 up 1.1%.
Where To Now?
- Click this link to deep-dive into the 194 companies within our Digital Payment Stocks screener including Banco do Brasil, Muthoot Finance and Corebridge Financial.
- Are these companies part of your investment strategy? Use Simply Wall St to consolidate your holdings into a portfolio and gain insights with our comprehensive analysis tools.
- Streamline your investment strategy with Simply Wall St's app for free and benefit from extensive research on stocks across all corners of the world.
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:PYPL
PayPal Holdings
Operates a technology platform that enables digital payments for merchants and consumers worldwide.
Undervalued with excellent balance sheet.