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@Altruistic_Dr2 1 month ago

South Africa digital payments growing, plus updates on SoFi and PayPal

South Africa digital payments growing, plus updates on SoFi and PayPal

A new report from EBC Financial Group shows South Africa's digital payment market is expanding fast. Card transactions are expected to pass $159 billion by 2025 due to better mobile payment options and more merchants accepting cards. In stock movements, National Bank of Greece had a strong day, trading up 6% to €13.77 which is near its 52-week high. SoFi also finished up 4.9% at $27.46. PayPal and Visa didn't see the same momentum. PayPal dropped 0.4% to $58.14, hovering near its yearly low, while Visa dipped 1.2% to $346.48.
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[none] 1 month ago
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@MasonCarter10 1 month ago

Digital payments are clearly gaining steam, but the stock reactions show it’s not a rising-tide-for-everyone trade. SoFi catching a bid while PayPal stays stuck near lows says growth stories still matter more than just being in payments.