10 Best Digital Currency and Payments Stocks To Invest In

2. Mastercard Incorporated (NYSE:MA)

Number of Hedge Fund Holders: 131

Mastercard Incorporated (NYSE:MA) is a prominent American payment technology company that operates in over 200 countries. It offers a variety of services, including payment processing and related solutions, designed to make transactions secure and accessible for consumers, businesses, and governments. Mastercard Incorporated (NYSE:MA) is one of the best digital payments stocks to invest in. In the third quarter of 2024, the company reported strong financial results, with net revenue reaching $7.37 billion, a 13% increase from the previous year. This growth was driven by an expanding payment network and a rise in value-added services.

Mastercard Incorporated (NYSE:MA) continues to focus on innovation and strategic acquisitions to enhance its service offerings. The planned acquisitions of Recorded Future and Minna Technologies aim to boost its capabilities in AI-powered threat intelligence and subscription management. These initiatives are expected to strengthen Mastercard’s (NYSE:MA) position in the competitive payments landscape.

The company is also making strides in contactless payment technology, with tap-on-phone solutions now available in over 110 markets. The number of tap-on-phone locations has almost doubled since the beginning of 2024, showcasing Mastercard’s (NYSE:MA) commitment to expanding payment accessibility.

On November 13, Mastercard Incorporated (NYSE:MA) announced its plans for transforming online shopping by 2030. The goal is to eliminate the need for physical card numbers and passwords, focusing instead on secure biometric authentication. This forward-thinking strategy positions Mastercard Incorporated (NYSE:MA) as a leader in the evolving digital payment space. With its strong financial performance, innovative strategies, and commitment to enhancing security and accessibility, Mastercard Incorporated (NYSE:MA) represents a compelling investment opportunity in the digital payments sector.