Fubotv earnings beat by $0.10, revenue topped estimates
Investing.com - Deutsche Bank (ETR:DBKGn) initiated coverage on Boku Inc (LON:BOKU) with a Buy rating and set a price target of GBP3.20 on Tuesday.
The investment bank cited the rapidly evolving global payments landscape, where local payment methods (LPMs) such as mobile wallets and account-to-account (A2A) payments are overtaking traditional cards and cash.
Deutsche Bank noted these digital payment methods accounted for an estimated 66% of e-commerce transactions in 2024 and are projected to reach 79% by 2030.
The global e-commerce market is expected to grow at an 8% compound annual growth rate (CAGR), potentially reaching $10.8 trillion by 2030, according to the research.
Deutsche Bank emphasized that merchants need to accommodate local payment preferences to maximize global sales opportunities, positioning companies like Boku that facilitate these transactions to benefit from this trend.
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