The digital payment landscape in Europe is undergoing significant transformation, with projections indicating robust growth through 2028, largely influenced by smartphone penetration, contactless technology, and digital wallets. In 2024, the adoption rate for digital payments surpassed 60% for online transactions and 25% for in-store payments, driven by the popularity of global and OEM digital wallets. Non-cash transactions are forecasted to increase at a compound annual growth rate exceeding 10%, with a projected volume of over 630 billion transactions by 2028. While card payments currently dominate, instant payments are gaining traction as consumers seek faster and more seamless transaction experiences.

In other trading, Emirates Islamic Bank PJSC (DFM:EIB) was a standout up 2.5% and ending trading at AED12.25, close to the 52-week high. At the same time, Apollo Global Management (NYSE:APO) trailed, down 12% to end the day at $108.68.

Best Digital Payment Stocks

• PayPal Holdings (NasdaqGS:PYPL) ended the day at $58.37 down 5.4%, hovering around its 52-week low.
• Nu Holdings (NYSE:NU) ended the day at $9.60 down 6.5%.
• SoFi Technologies (NasdaqGS:SOFI) finished trading at $9.57 down 10.1%.

Next Steps

• Get an in-depth perspective on all 185 Digital Payment Stocks, including Bank Central Asia, Toast and Taiwan Cooperative Financial Holding, by using our screener here.
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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.

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