NEW YORK, NEW YORK - SEPTEMBER 10: Sebastian Siemiatkowski (L), CEO of online lender Klarna, listens to a trader at the New York Stock Exchange (NYSE) on September 10, 2025 in New York City. (Photo by Spencer Platt/Getty Images)Getty ImagesThose keeping an eye on Klarna’s developments have questions, such as whether the company's expansion and recent profitability genuinely justify its valuation, or if there is still more hype than substantial metrics. For newcomers, Klarna (NYSE:KLAR) is a Swedish fintech ...

Buy Now, Pay Later (BNPL) services have become more popular in recent years. In fact, many customers using BNPL services enjoy the setup so much that they plan to phase out their credit cards. While some love BNPL, others can’t imagine this service replacing credit cards. Discover Next: The One Dangerous Habit Keeping You in Credit Card Debt, According to Liz Claman Find Out: 4 Housing Markets That Have Plummeted in Value Over the Past 5 Years It’s impossible to predict the future. But it seems unlikely t ...

行业概述 - 金融交易服务行业属于金融科技领域，涵盖支付处理、ATM服务、汇款服务及投资解决方案提供商，通过专有全球支付网络连接全球发行方和收单方，实现快速安全的跨境交易[2] - 行业受益于疫情推动的数字化趋势，包括无接触支付、加密货币、生物识别和BNPL等技术创新[1][3] 核心增长驱动因素 - **数字化支付转型**：全球无接触支付加速替代现金交易，领先公司通过加密货币、生物认证和BNPL等技术扩展市场并提升收入[3] - **跨境交易增长**：国际贸易和旅行需求上升推动跨境支付平台发展，企业需高效管理货币兑换和国际支付[4] - **消费者支出韧性**：电子商务普及和智能手机使用支撑消费支出，带动交易量和收入增长[5] - **并购战略扩张**：企业通过并购构建数字金融生态，美联储潜在降息预期降低融资成本，促进交易活动[6] 行业表现与估值 - 行业过去一年上涨26.3%，跑赢商业服务板块（8.6%）和标普500（11.4%）[10] - 当前市盈率27.28X，低于五年中位数27.93X，但高于标普500的24.14X[13] - Zacks行业排名第58位，位列前24%，成分股盈利前景乐观[8][9] 重点公司分析 - **Visa**：全球数字支付龙头，拉美和北美市场增长强劲，2025财年每股收益预期11.35美元（同比增长12.9%）[15][16] - **Mastercard**：跨境支付服务推动一季度跨境交易量增长15%，2025年每股收益预期15.98美元（增长9.5%）[18][20] - **Fiserv**：支付处理和数字银行服务提供商，2025年每股收益预期10.22美元（增长16.1%）[22][23] - **Fidelity National**：银行解决方案业务表现突出，2025年每股收益预期5.74美元（增长10%）[26][27] - **Global Payments**：商户和发卡解决方案双增长，2025年每股收益预期11.10美元[29][30]