In its Worldpay 2020 Global Payments Report, financial technology leader Fidelity National Information Services Inc. (NYSE: FIS) said digital wallets are expected to become the most popular means of online payments, acquiring a market share of 52% by 2023.
Global economic shutdown or not, people still need a way to send, receive and process payments. As people continue to move away from paying in person with physical cash, top digital payment stocks will soar.
So what are the top digital payment stocks to buy or even just watch right now? Keep reading to find out the top two players I’ve set my sights on…
Leverage Mobile Payment Growth With Top Digital Payment Stocks
Head Trader Roger Scott
Social distancing rules have become a top priority to contain the spread of the infamous coronavirus.
It has also changed the way people carry out business transactions. Contactless — or digital — payments is the most preferred option for safety concerns given its convenience.
In fact, a recent survey of more than 11,000 consumers in 11 different countries discovered a massive uptick in the adoption of digital payments. The U.S. clocked in the largest rise with 46%!
That’s an 8% increase from a year ago, and why I’m giving away my top digital payment stocks today…
What do you think about the shift to digital payments? Are digital payment stocks something you will invest your hard-earned cash in? I’d love to hear your thoughts in the comments below.
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