Latest News In Digital Payment - SoftPOS Growth: Driving Contactless Payment Expansion Globally

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 (NYSE:FI) was trading firmly up 4.7% and finishing the session at $166.66. Meanwhile, Banco do Brasil (BOVESPA:BBAS3) trailed, down 12.7% to close at R$25.67.

Fiserv's strategic acquisitions and AI integrations are set to boost global growth swiftly. Discover the full narrative on what's driving Fiserv's potential expansion.

Best Digital Payment Stocks

• SoFi Technologies (NasdaqGS:SOFI) settled at $13.92 up 2.6%.
• PayPal Holdings (NasdaqGS:PYPL) ended the day at $72.18 up 0.9%. Last week, PayPal advised shareholders to vote against proposals to lower the threshold for calling special meetings and to report on charitable giving.
• Nu Holdings (NYSE:NU) finished trading at $13.05 down 0.6%.

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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.

Sources:

• Simply Wall St
• "SoftPOS Market Research with Opportunity Forecasts, 2025: Industry to Grow from $365 Million in 2024 to $1.24 Billion by 2030" from Research and Markets on GlobeNewswire (published 16 May 2025)

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