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Financial Transaction Services Stocks Ride on Shift to Digital

Digital transformation, increased consumer spending and a strong economy bode well for the companies in the Financial Transaction Service space.

This story originally appeared on Zacks

The  Financial Transaction Services industry is in a sweet spot owing to the overall strong economy and increase in consumer spending. The industry has been a beneficiary of the pandemic so far, which created a new normal of shopping and making payments online. Even though some customers went back to shopping in physical stores, the preferred mode of payments remains mobile or cards. The shift away from cash, which was already well underway before the pandemic began now became more apparent. This transition opens new opportunities for the players in the industry. Companies with a robust technology platform, wide network and a strong business model are set to gain traction from this evolution in the payments space, which is also welcoming crypto and digital currencies. Leading payment processors, namely Visa Inc. V, Mastercard Inc. MA, Fiserv Inc. FISV and Global Payments Inc. GPN are a few stocks, which are likely to benefit from the above-mentioned trends.

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Tech IPOs With Massive Profit Potential

In the past few years, many popular platforms and like Uber and Airbnb finally made their way to the public markets. But the biggest paydays came from lesser-known names.

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Visa Inc. (V): Free Stock Analysis Report


Mastercard Incorporated (MA): Free Stock Analysis Report


Fiserv, Inc. (FISV): Free Stock Analysis Report


Global Payments Inc. (GPN): Free Stock Analysis Report


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