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Barchart
Barchart
Pathikrit Bose

2 Fintech Stocks Set to Face Stiff Apple Pay Competition

Apple Apple Pay PayPal Block fintech Keybanc Jack Dorsey PYPL eBay Venmo

Digital payments have been one of the pillars of the global fintech revolution. With convenience, safety and speed being its hallmarks, the global digital payments market is forecasted to reach a staggering size of $16.62 trillion by 2028, based on a CAGR of 9.5% between 2024 and 2028.

The lucrative market has attracted legacy finance giants like Visa (V) and Mastercard (MA), as well as comparatively newer players, like Jack Dorsey-led Block (SQ) and long-ago eBay (EBAY) spinoff (PYPL). However, brokerage firm KeyBanc warns that tech giant Apple (AAPL), armed with new features for Apple Pay, is now set to shake up the fintech landscape.

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