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.
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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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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