Consumers are using their smartphones to shop, pay and make financial transactions. E-commerce has grown hand and hand with the apps that facilitate mobile payments. This growth is only expected to accelerate, in fact, mobile payments market is expected to grow at a CAGR of 29.5% from 2022 to 2027.

Investors looking for an intriguing speculative add in the sector should start researching...

Sparta Commercial Services Inc (OTCMKTS:SRCO) - There has not been any news about the company this week so far but back on May 4 it was announced that Sparta Commercial Services Inc had been successful in signing up the Country Club of Winter Haven on to its iMobile app. The cub in question is situated in Winter Haven in Florida and that adds to the fast-growing number of country club clients. It may be a good idea for investors to take a closer at the situation with regards to Sparta Commercial Services Inc and its iMobile app.

The iMobile app is currently regarded as one of the leaders when it comes to the management, servicing and development of mobile applications that are meant for a wide spectrum of industries. In fact, many such clubs, including country clubs and golf clubs have continued to choose the app for its purposes in recent times.

It is clear to see that the client base is growing and it may be a good move for investors to consider tracking the Sparta Commercial Services stock from now on.

PayPal (NASDAQ:PYPL) - Payments giant PayPal has seen its stock go into a bit of a downward spiral over the course of the past year. After having reached new highs during the pandemic, due to the rise in online transactions, the PayPal stock has lost more than 66% of its value in the past year.

The reasons are easy to see. E-commerce growth has stalled due to the opening up of the economy and on top of that, the conflict in Ukraine has led to less discretionary spending from people amidst economic uncertainties. Hence, it is going to be interesting to see if PayPal can get its mojo back any time soon.

Block Inc (NYSE:SQ) - Last week, the company was in focus as Q1 results came in below market expectations. Total revenue for the quarter came in at $3.96 billion, compared with the $4.1 billion that analysts were expecting.

Excluding bitcoin, total net revenue jumped to $2.23 billion, up 44% from the same period a year ago. On an adjusted basis, the company earned 18 cents a share, compared with analysts' average projection of 20 cents.

Cash App, a peer-to-peer payments service that allows users to directly buy and sell bitcoin, generated $1.73 billion in bitcoin transactions and $43 million of gross profit in the first quarter. In the fourth quarter of last year, Block generated $1.96 billion in bitcoin transactions and $46 million of gross profit.

Fiserv Inc (NASDAQ:FISV) - In Q1, the company reported a 10% growth in GAAP revenue to $4.14 billion in the first quarter of 2022 compared to the prior-year period.

GAAP earnings per share was $1.02 in the first quarter of 2022, an increase of 127% compared to the prior-year period. GAAP operating margin was 20.5% in the first quarter of 2022, compared to 12.6% in the prior-year period.

"We had a strong start to the year as we posted double-digit organic revenue and adjusted earnings per share growth, both above the outlook range we provided for the year," said Frank Bisignano, President and Chief Executive Officer of Fiserv.

Affirm Holdings Inc (NASDAQ:AFRM) - The company that finishes off this list is Affirm, which is involved in the 'buy now pay later' space. While it is true that Affirm has managed to generate considerable growth in recent times, an analyst at JP Morgan has noted that it now faces a lot of competition as well. Hence, JP Morgan set the target price of the Affirm stock of $30 a share by December this year and rated it neutral.

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