![paysafecard amazon paysafecard amazon](https://i.pinimg.com/736x/64/a8/65/64a86538fb8094e103a5259e9b1be402.jpg)
The weak Q3 results have led to the company lowering its guidance for FY21, and it now expects revenues between $1.47 billion and $1.48 billion from its prior outlook in the range of $1.53 billion to $1.55 billion.
![paysafecard amazon paysafecard amazon](https://i.ebayimg.com/thumbs/images/g/qzoAAOSwqvZg1wok/s-l300.jpg)
The company underlined some of the headwinds for the Digital Wallet segment at its Q3 earnings call including softer European sports betting activity, and regulatory headwinds in Germany and the Netherlands. This segment includes brands like NETELLER and Skrill. The digital wallet segment saw revenues decline 15% year-over-year to $83.7 million in Q3. The company operates across three business segments including its Digital Wallet segment, eCash Solutions, and Integrated Processing segment. Philip McHugh, CEO of Paysafe, commented that the decline in revenues was a result of “both market and performance challenges within the digital wallet business.” The specialized payments platform saw “softer than expected” revenues fall 1% year-over-year to $353.6 million, while net loss widened from $38.1 million to $147.2 million in Q3. Investors seemed disappointed with Paysafe’s Q3 results. Let’s compare two digital payments companies, Paysafe ( PSFE) and PayPal ( PYPL) using the TipRanks stock comparison tool and examine how Wall Street analysts feel about these stocks. When it comes to the financial technology market, an IndustryARC report anticipates it to be worth $161.2 billion by 2026.
![paysafecard amazon paysafecard amazon](https://static.giga.de/wp-content/uploads/2015/08/NEW_pos_sample_voucher_DE.jpg)
PayPal: Comparing 2 Digital Payment Stocksĭigital payments have transformed the payments industry and have seen increased adoption with rising Internet penetration, a higher adoption rate of smartphones, rising e-commerce sales, and increasing government initiatives to digitize payments.