10 Best Digital Currency and Payments Stocks To Invest In

4. Fiserv Inc. (NYSE:FI)

Number of Hedge Fund Holders: 71

Fiserv Inc. (NYSE:FI) is a prominent global fintech company that specializes in payment processing and financial services management. It offers a wide range of solutions, including account processing, digital banking, card issuer processing, network services, payments, e-commerce, and merchant acquiring and processing. Fiserv Inc. (NYSE:FI) is a key player in the financial technology landscape. In the third quarter of 2024, the company reported a 7% increase in GAAP revenue, reaching $5.22 billion. This growth was driven by a 9% rise in the Merchant Solutions segment and a 5% increase in Financial Solutions.

Fiserv Inc. (NYSE:FI) is focused on innovation to enhance its offerings. In October 2024, it partnered with DoorDash to implement an embedded finance application that provides delivery contractors with various financial services through a single app. This move allows Fiserv’s (NYSE:FI) to address the needs of gig economy workers. Additionally, the company has made strides in real-time payments. In September, Fiserv Inc. (NYSE:FI) completed a proof of concept with Walmart for Pay by Bank transactions over its NOW Network. This capability allows merchants to offer consumers more payment options and enhances transaction efficiency.

On October 31, 2024, Fiserv Inc. (NYSE:FI) announced that it is expanding its Clover platform to support small businesses with tailored “all-in-one” solutions that combine hardware and software for better operational efficiency. This strategic move is focused on addressing the unique needs of individual businesses, providing restaurants, retailers, and service-based businesses with innovative tools to streamline their operations. With its robust financial performance and commitment to innovation, Fiserv Inc. (NYSE:FI) is well-positioned for future growth. These factors make it an attractive investment opportunity in the digital payments sector, as it continues to evolve and meet the changing needs of its clients and consumers.