Paysafe (NYSE:PSFE) stock has witnessed immense selling over the past six months. As investors dumped its stock, Paysafe lost over 65% in value and hit a new 52-week low of $3.18.  The massive drop in the shares of this payments platform provider reflects the weakness in its digital wallet segment that accounted for about 24% of its total revenues in Q3.  Paysafe’s digital wallet segment is taking a hit from new regulations and customer pricing that proved counterproductive.  During the Q3 conference call, management stated that Germany (one of its key markets) imposed a cap on single-person betting amounts.
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Paysafe (NYSE:PSFE)
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