The banks—JPMorgan, Bank of America, Citigroup, Morgan Stanley and Goldman Sachs—are worth just less than $900 billion in comparison. A big chunk of those gains for the payment firms have come this year as investors have turned to software-based tech companies during the global pandemic.
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Top Fintechs Surpass $1T Market Cap: Report
The market cap of payment companies PayPal, Visa, Square and MasterCard have topped $1 trillion collectively, making them worth more than the “big six” banks. So reports CNBC.
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