ReportLinker has just released a new report in which it makes this claim, as well as an estimate of growth by a CAGR of nearly 17% during that time. The report looks at things like tokenization and a one-click payment system that will likely dominate the global payment services market in the future.
Perhaps investors need to start looking at the recent sell off in fintech stocks as a buying opportunity. After all, digital payments, money transfers, and other forms of fintech as a service, do not seem like they are going anywhere at this point. For us to move away from these services would seem like a technological regression for the market.
Companies like PayPal (NASDAQ:PYPL), SoFi (NASDAQ:SOFI), Block (NYSE:SQ), and iQSTEL (OTCQX:IQST) all offer mobile fintech solutions. It’s not surprising that mobile services and payments with smartphones are dominating the market. WIth upcoming catalysts like the Metaverse and Web3, it is becoming increasingly likely that digital payments and currencies will become a much larger part of this industry.
iQSTEL in particular looks like a good investment with several high revenue divisions including its Global One fintech platform with both Visa (NYSE:V) and Mastercard (NYSE:MA), as well as telecom services and even an electric vehicle subsidiary.
Featured: $PYPL $SOFI $SQ $IQST $V $MA