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The payments and digital wallet scene has grown rather crowded in recent years. Part of the blame for the epic fall of digital payment pioneers like PayPal (PYPL) and Block (SQ) has to go to the big FAANG firms, which are looking to capture a more significant chunk of the payments market.
Undoubtedly, global payments is a massive industry that everyone wants to get a piece of - and as the AI wars dominate Wall Street's attention, it's the financial technology and digital payments scene where a lot of the action could take place, as FAANG companies look to expand their portfolios of fintech offerings.
