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In addition, fintec has the potential of tapping into unbanked and underbanked communities in rural areas, where traditional banking facilities are hard to establish. In the United States, mobile payments are set to reach $125 billion in 2025. The global fintech market is expected to grow at a 23.4% CAGR to a $324 billion market value by 2026.
Given the industry’s growth prospects, Wall Street analysts expect fintech stocks UP Fintech Holding Limited (TIGR), Mogo Inc. (MOGO), and Elevate Credit, Inc. (ELVT), which are currently trading at less than $10, to rally more than 55% in price in the near term.
