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    3 US Payment Stocks Gaining From The Rise Of BNPL And Earned Wage Access

    Simply Wall St·10/18/2026 23:43:42
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    Earned wage access, payday-style apps and buy now pay later are moving from fringe tools to everyday lifelines for millions of Americans, and that shift is quietly rewiring how money flows through the checkout. For investors, that creates a fork in the road. Some payment and point-of-sale platforms could benefit from this surge in on-demand credit, while others may face higher risk and regulatory pressure. This article unpacks three U.S.-listed stocks exposed to these trends and explains why each may warrant closer attention at this time.

    The three stocks covered next are just a sample, and the full screen surfaced 11 more U.S.-listed payment processors and point-of-sale platforms with equally compelling stories around BNPL, merchant acquiring and embedded finance that are not covered here. To go deeper into this theme, head straight to the U.S. Point-of-Sale BNPL and Merchant Payments Platforms screener to identify, filter and analyze the highest conviction plays in one place.

    OppFi (OPFI)

    Overview: OppFi is a Chicago based digital finance platform that partners with banks to provide installment loans for U.S. consumers underserved by traditional credit.

    Operations: OppFi generates US$327 million in revenue from consumer financial services, with all of this income coming from borrowers in the United States.

    Market Cap: US$481 million

    OppFi matters in this BNPL and merchant payments screen because it taps the same stressed, credit constrained consumer using a bank partnered digital lending model that could intersect with checkout financing as new products roll out.

    "The addition of BNC National Bank’s deposit base of about US$1b, with more than 80% of deposits costing less than 2%, is expected to lower OppFi’s funding costs and support stronger net margins as more originations are funded through lower cost deposits."

    What happens to OppFi’s earnings power if that single funding shift either fully delivers or falls short sits at the center of the story.

    If that funding shift is what matters most, the full narrative for OppFi lays out how OppFi’s model could accelerate or stall as regulation, deposit costs and credit stress evolve.

    NYSE:OPFI Revenue & Expenses Breakdown as at Oct 2026
    NYSE:OPFI Revenue & Expenses Breakdown as at Oct 2026

    Repay Holdings (RPAY)

    Overview: Repay Holdings is a U.S. payments technology company that powers merchant and biller point of sale style electronic payments across consumer and business channels.

    Operations: Repay Holdings generates about US$312 million from Consumer Payments and US$54 million from Business Payments, with minor intersegment eliminations, all in the United States.

    Market Cap: US$355 million

    Repay Holdings fits this BNPL and merchant payments screen as a pure electronic transaction processor. Every new repayment plan or digital bill pay flow can translate into more fee income at the checkout layer.

    "REPAY took on the financing immediately. At the end of Q2, it had $500 million of term-loan principal, $287.5 million of convertible notes and roughly $83.7 million of cash."

    What happens if one quiet pressure point in that capital stack reshapes how much of each transaction Repay Holdings keeps as profit?

    If that pressure point has your attention, read the full narrative for Repay Holdings to see how Repay Holdings could turn its capital stack into accelerating earnings power or stalled potential.

    NasdaqCM:RPAY Revenue & Expenses Breakdown as at Oct 2026
    NasdaqCM:RPAY Revenue & Expenses Breakdown as at Oct 2026

    Kaspi.kz (KSPI)

    Overview: Kaspi.kz runs a super app that blends payments, shopping and BNPL-style fintech services for consumers and merchants across Kazakhstan and neighbouring markets.

    Operations: Kaspi.kz generates about KZT 2.2t from Marketplace, KZT 1.7t from Fintech and KZT 0.7t from Payments, primarily across Kazakhstan and Türkiye.

    Market Cap: US$17.7b

    Kaspi.kz matters for this BNPL and merchant payments screen because its super app effectively turns checkout into a bundled service layer. Consumers can pay, shop and finance purchases inside the same ecosystem, creating a real world test of how far this model can scale beyond its home market.

    "Kaspi spent roughly a billion dollars setting up an experiment in Türkiye. If Hepsiburada's engagement climbs meaningfully once commerce, payments and financing are stitched together, that's evidence Kaspi itself is the machine."

    What happens to Kaspi.kz’s earnings power if one quiet assumption about how that experiment affects margins and capital intensity proves wrong.

    If that experiment is what you care about, read the full narrative for Kaspi.kz to see whether Kaspi.kz’s model is quietly compounding strength or masking fragility.

    NasdaqGS:KSPI Earnings & Revenue History as at Oct 2026
    NasdaqGS:KSPI Earnings & Revenue History as at Oct 2026

    Seeking Alternatives Before The Crowd Moves

    Fresh themes are breaking out, prices are flying and some of the most interesting ideas are still under the radar for now. Consider positioning in advance rather than reacting late.

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.