The global mobile payment industry is undergoing significant transformation, with the market size expected to expand from USD 2.66 trillion in 2024 to USD 10.47 trillion by 2033, reflecting an estimated CAGR of 16.4%. This rapid growth is attributed to increasing smartphone penetration, supportive government policies, technological advancements, and a shift in consumer preferences toward digital transactions. The Asia Pacific region leads in market share, driven by high smartphone usage and innovative payment technologies. Meanwhile, the European and North American markets are witnessing growth due to the adoption of contactless payments and investment in mobile payment technologies. In Latin America, increased internet access and smartphone usage are key growth factors, while the Middle East and Africa's markets are expanding due to efforts towards financial inclusion and mobile money services.

In other market news, Nu Holdings was a notable mover up 9.1% and closing at $11.73. Meanwhile, Ping An Bank trailed, down 3.9% to end the day at CN¥11.50. Three days ago, Ping An reported a decline in net income and earnings per share for 2024 compared to the previous year.

Nu Holdings is expanding into new markets with diversified revenue streams like secured lending. Discover more about their growth strategy and potential challenges in our detailed narrative.

Best Digital Payment Stocks

• SoFi Technologies finished trading at $12.09 up 6.1%.
• PayPal Holdings ended the day at $68.95 up 3%.
• Visa settled at $331.80 up 1%.

Key Takeaways

• Discover the full array of 195 Digital Payment Stocks, featuring Capitec Bank Holdings, Taiwan Cooperative Financial Holding and Mega Financial Holding, right here.
• 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.
• Discover a world of investment opportunities with Simply Wall St's free app and access unparalleled stock analysis across all markets.

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
• "Analysis of Growth Opportunities in the $10.4 Trillion Mobile Payments Industry, 2033 - Strategic Partnerships and FinTech Innovations Accelerate Market Transformation" from Research and Markets on GlobeNewswire (published 14 March 2025)

Companies discussed in this article include NYSE:NU NasdaqGS:SOFI NasdaqGS:PYPL NYSE:V and SZSE:000001.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com