Philip McHugh, CEO of Paysafe, commented that the decline in revenues was a result of “both market and performance challenges within the digital wallet business.” The specialized payments platform saw “softer than expected” revenues fall 1% year-over-year to $353.6 million, while net loss widened from $38.1 million to $147.2 million in Q3. Investors seemed disappointed with Paysafe’s Q3 results. Let’s compare two digital payments companies, Paysafe ( PSFE) and PayPal ( PYPL) using the TipRanks stock comparison tool and examine how Wall Street analysts feel about these stocks. When it comes to the financial technology market, an IndustryARC report anticipates it to be worth $161.2 billion by 2026. PayPal: Comparing 2 Digital Payment Stocksĭigital payments have transformed the payments industry and have seen increased adoption with rising Internet penetration, a higher adoption rate of smartphones, rising e-commerce sales, and increasing government initiatives to digitize payments.
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