Investing in fintech stocks may be a good option. By using cutting-edge technology to develop game-changing products, fintech firms are challenging the status quo of the conventional financial services industry.

Fintech companies were volatile in 2022, as per the stock news, with payment stocks generally lagging behind the S&P 500’s decline of roughly 19%. Listed below are a few of the promising growth in the Nasdaq stock market.

Adyen (ADYYF)

Accepting payments from customers worldwide is made easier with the help of Adyen, a payment processing firm. In its most recent earnings report, the company revealed robust development across the board, with total sales of €1.3 billion, up 30% year over year, and a rise in payments processed of 49% year over year.

MercadoLibre (MELI)

MercadoLibre is an online marketplace in Latin America. During the fourth quarter of 2017, MercadoLibre had a 27% year-over-year rise in total active customers and a 45% year-over-year rise in overall payment volume.

Shift4 Payments (FOUR)

Contactless payments, loyalty programs, gift cards, and cutting-edge fraud protection measures are just a few of the merchant services solutions offered by Shift4 Payments. More than 200 billion dollars worth of transactions is processed each year by the corporation, having over 200,000 partners in the United States, Canada, Japan, and Europe.

Global Payments (GPN)

Global Payments is the industry standard for payment processing services. By acquiring EVO Payments, which is scheduled to be finished by the end of March, Global Payments has a distinct opportunity for expansion.

Toast (TOST)

Toast is a cloud-based platform for managing restaurants that provides software and hardware options. Having grown its top line by 60% in 2022, the company’s share prices never see a downfall that easily and hence a good choice for investments.

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