Overview
Why Invest in IPAY ETF?
- Power of Digital Transactions: Capitalizes on the transition taking place from cash/physical credit card payments to mobile/digital systems.
- Streamline Transactions & Effortless Experience: Benefits from the increasing use of smartphones, e-commerce and the need for hassle-free transacting.
- Digital Growth Wave: Global mobile payment market size was valued at $2.98 trillion in 2023 and is projected to grow from $3.84 trillion in 2024 to $27.81 trillion by 2032, a CAGR of 28.1%.1
Objective & Strategy
The Amplify Digital Payments ETF (IPAY) seeks investment results that generally correlate (before fees and expenses) to the total return performance of the Nasdaq CTA Global Digital Payments Index. IPAY provides access to global companies involved in payment-related products and/or services including card networks, infrastructure & software, processors and solutions.
Key Information
Fund Details
| Ticker | IPAY |
| Launch Date | 07/15/2015 |
| Primary Exchange | NYSE Arca |
| CUSIP | 032108656 |
| Net Assets | $154,147,734 |
| Shares Outstanding | 3,200,000 |
| Holdings (view all holdings) | 41 |
| Total Expense Ratio | 0.75% |
Index Details
| Index Name | Nasdaq CTA Global Digital Payments Index |
| Index Ticker | WALLET |
| Index Provider | Nasdaq, Inc. |
| Weighting Methodology | Thematic Market Cap |
| Rebalance Frequency | Quarterly |
| Index Website | Nasdaq Global Indexes |
Performance & Holdings
Performance
| Cumulative (%) | Annualized (%) | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1MO | 3MO | 6MO | YTD | Since Inception | 1YR | 3YR | 5YR | 10YR | Since Inception | |
| NAV | -0.65% | 8.23% | -11.24% | -11.24% | 90.16% | -22.34% | 3.18% | -7.81% | 7.28% | 6.04% |
| Closing Price | -0.55% | 7.71% | -11.41% | -11.41% | 89.79% | -22.46% | 3.15% | -7.82% | 7.34% | 6.02% |
| Nasdaq CTA Global Digital Payments Net Total Return Index | -0.64% | 8.31% | -11.23% | -11.23% | 0.00% | -22.14% | 4.51% | 0.00% | 0.00% | — |
| Cumulative (%) | Annualized (%) | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1MO | 3MO | 6MO | YTD | Since Inception | 1YR | 3YR | 5YR | 10YR | Since Inception | |
| NAV | -0.65% | 8.23% | -11.24% | -11.24% | 90.16% | -22.34% | 3.18% | -7.81% | 7.28% | 6.04% |
| Closing Price | -0.55% | 7.71% | -11.41% | -11.41% | 89.79% | -22.46% | 3.15% | -7.82% | 7.34% | 6.02% |
| Nasdaq CTA Global Digital Payments Net Total Return Index | -0.64% | 8.31% | -11.23% | -11.23% | 0.00% | -22.14% | 4.51% | 0.00% | 0.00% | — |
The performance data quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted. Brokerage commissions will reduce returns. NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding. The closing price is the last price at which the fund traded.
Indexes are unmanaged and it’s not possible to invest directly in an index. The Nasdaq CTA Global Digital Payments Index is designed to track the performance of a selection of companies engaged in the global digital payments industry.
Top 10 Holdings
| Name | Ticker | Market Value (%) | CUSIP | Shares | Market Value ($) |
|---|---|---|---|---|---|
| American Express Co | AXP | 6.21% | 025816109 | 27,318 | $9,577,144 |
| Capital One Financial Corp | COF | 5.98% | 14040H105 | 45,750 | $9,219,540 |
| Visa Inc | V | 5.95% | 92826C839 | 26,289 | $9,174,072 |
| Mastercard Inc | MA | 5.92% | 57636Q104 | 17,329 | $9,127,877 |
| PayPal Holdings Inc | PYPL | 5.79% | 70450Y103 | 192,809 | $8,930,913 |
| Toast Inc | TOST | 5.30% | 888787108 | 278,610 | $8,168,845 |
| Affirm Holdings Inc | AFRM | 5.28% | 00827B106 | 97,569 | $8,139,206 |
| Global Payments Inc | GPN | 4.69% | 37940X102 | 95,030 | $7,226,081 |
| Block Inc | XYZ | 4.58% | 852234103 | 91,273 | $7,055,403 |
| Corpay Inc | CPAY | 4.49% | 219948106 | 19,568 | $6,920,028 |
Fund holdings are subject to change at any time and should not be considered recommendations to buy or sell any security.
Allocation
| Thematic Allocation | Weight (%) |
|---|---|
| Transaction & Payment Processing Services | 76.63% |
| Consumer Finance | 13.99% |
| Application Software | 4.08% |
| Financial Exchanges & Data | 3.38% |
| Investment Banking & Brokerage | 1.35% |
| Advertising | 0.32% |
| Electronic Equipment & Instruments | 0.25% |
| Market Capitalization | Weight (%) |
|---|---|
| Large Capitalization (> $10B) | 74.42% |
| Mid Capitalization ($2B - $10B) | 21.70% |
| Small Capitalization ($300M - < $2B) | 3.88% |
| Country Allocation | Weight (%) |
|---|---|
| United States | 81.39% |
| United Kingdom | 4.47% |
| Netherlands | 3.98% |
| Brazil | 1.95% |
| Italy | 1.61% |
| Japan | 1.53% |
| Australia | 1.42% |
| Israel | 1.35% |
| Uruguay | 0.72% |
| Puerto Rico | 0.62% |
| Korea | 0.45% |
| France | 0.27% |
| Hong Kong | 0.25% |
Distributions
| Ex-Date | Record Date | Payable Date | Amount (USD) |
|---|---|---|---|
| 12/30/2026 | 12/30/2026 | 12/31/2026 | — |
There is no guarantee that distributions will be made.
Price
NAV/Market Price
| Previous Day's NAV | |
|---|---|
| Net Asset Value: | $48.17 |
| Daily Change: | $0.42 |
| % Daily Change: | 0.89% |
| 30-Day Median Bid/Ask Spread: | 0.54% |
| Previous Day's Market Price | |
|---|---|
| Closing Price: | $48.28 |
| Daily Change: | $0.38 |
| % Daily Change: | 0.79% |
| % Premium/Discount: | 0.23% |
Daily Price/NAV Performance
Premium/Discount
| 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q4 2026 | |
|---|---|---|---|---|---|
| Days Traded at Premium | 46 | 17 | 14 | - | - |
| Days Traded at NAV | 1 | 0 | 0 | - | - |
| Days Traded at Discount | 204 | 44 | 48 | - | - |
The table and line graph are provided to show the frequency at which the closing price of the Fund was at a premium (above) or discount (below) to the Fund’s daily net asset value (“NAV”). The table and line graph represent past performance and cannot be used to predict future results. Shareholders may pay more than NAV when buying Fund shares and receive less than an NAV when those shares are sold because shares are bought and sold at current market prices.
Literature
Fund Resources
Insights
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June 8, 2026
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How to Invest
Amplify ETFs trade throughout the day, similar to publicly-traded stocks, on an exchange. There are multiple ways to invest in Amplify ETFs:
- Contact a Financial Advisor to discover how Amplify ETFs may fit within your portfolio.
- Amplify ETFs are available through various online platforms and brokerage accounts.
Connect with your ETF Specialist or call (855) 267-3837
1www.fortunebusinessinsights.com/industry-reports/mobile-payment-market-100336. CAGR, compound annual growth rate, calculated based on forecasted period 2024-2032.
Narrowly focused investments typically exhibit higher volatility. Mobile payment companies face intense competition, both domestically and internationally, and are subject to increasing regulatory constraints, particularly with respect to fees, competition and anti-trust matters, cybersecurity and privacy. Mobile payment companies may be highly dependent on their ability to enter into agreements with merchants and other third parties to utilize a particular payment method, system, software or service, and such agreements may be subject to increased regulatory scrutiny. Additionally, certain mobile payment companies have recently faced increased costs related to class-action litigation challenging such agreements. Such factors may adversely affect the profitability and value of such companies.
The Fund is non-diversified, meaning it may concentrate its assets in fewer individual holdings than a diversified fund. Investments in smaller companies tend to have limited liquidity and greater price volatility than large-capitalization companies. The Fund’s return may not match or achieve a high degree of correlation with the return of the Index. To the extent the Fund utilizes a sampling approach, it may experience tracking error to a greater extent than if the Fund had sought to replicate the Index.
Amplify Investments LLC is the Investment Adviser to the Fund, and Penserra Capital Management LLC serves as the Investment Sub-Adviser.