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Purchase prime fintech shares now? four Seen throughout the crypto growth

April
22, 2021

6 min read

This story originally appeared on StockMarket

4 Top Fintech Stocks You Should See In The Stock Exchange Right Now

For the past year, those who invested Fintech stocks would have made substantial profits from the stock market. As some of you may be asking, what are the chances that this trend will stay intact? I would say very likely. After all, the digital age we now live in prefers services that are fast and secure. That is why fintech is becoming more and more popular. Some even say it disrupts traditional banking. Fintech Services transform the banking system from an industry-specific process to various digital channels. Fear of the spread of coronavirus due to the use of banknotes has also encouraged consumers to switch to digital wallets.

For example, we have Square Inc (NYSE: SQ) that allows users to transfer money to one another through the Cash app. The fintech giant has seen gains as society shifted towards cashless payment methods. This has resulted in investors constantly looking for the next hot fintech stocks to buy. In another notice, electric vehicle giant Tesla Inc (NASDAQ: TSLA) announced in March that it would accept Bitcoin as a payment method for its electric vehicles. With these positive developments in the fintech space, check out these four top fintech stocks to buy online Stock market today?

Top Fintech Stocks To See Now

PayPal Holdings Inc.

First up, we have fintech giant Paypal. The company benefited during the pandemic when digital payments became the new norm. Given its role in facilitating contactless payments, it should come as no surprise that PayPal stock has been at risk throughout the pandemic. Accordingly, the company's share price is forecasting gains of more than 150% over the past year.

Source: TD Ameritrade TOS

On April 20, PayPal announced that its Venmo digital wallet app would allow crypto transactions. Venmo will support four different cryptocurrencies, including Bitcoin. This development extends to a first step by PayPal in October 2020, which will allow users to buy cryptocurrencies through the main platform. The company also plans to launch a local wallet in China, the world's largest mobile payments market.

However, instead of competing for domestic payments with dominant players Alipay and WeChat Pay, PayPal will focus on cross-border payments, another big market that needs to be tapped. Do you think PYPL stock is worth investing in, given the exciting developments going on around the company?

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Paysafe Ltd.

Paysafe is a leading specialized payment platform. Their main purpose is to enable businesses and consumers to seamlessly connect and conduct transactions. The company specializes in payment processing, digital wallets and online cash solutions. With over 20 years of online payments experience, the company has an annualized transaction volume of $ 92 billion in 2020. The company recently made its debut on the New York Stock Exchange on March 31, 2021. This came after the merger between Paysafe and Foley Trasimene Acquisition Corp. II (NYSE: BFT).

Top Fintech Shares (PSFE Share)Source: TD Ameritrade TOS

You may have come across Paysafe as a pioneer in digital commerce. That's right, but there is another aspect that could add more value to the company's business. It's the company's involvement in iGaming that is stalling growth investors. IGaming revenue has increased year over year.

In addition, the platform is starting to open in the United States. Should Paysafe manage to grow its iGaming market, I wouldn't be surprised if it is a multi-excavator investment. Given the company's impressive global reach, would you say that now is the time to be one of the first investors before PSFE stock launches?

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JPMorgan Chase & Co.

Global investment banking and financial services company JPMorgan needs no featured as it is the largest bank in the United States. However, you may not have expected JPM shares to be on this list of fintech stocks to buy. Well, the company understands the importance of fintech. Traditional banking sees fintech as a threat, and for good reason. In early April, Jamie Dimon, CEO and Chairman of JPMorgan said, "Banks … face stiff competition from Silicon Valley, both fintech and big tech." As such, the company is not resting on its laurels.

best fintech shares (JPM share)Source: TD Ameritrade TOS

On Tuesday it was announced that JPMorgan Asset Management has invested in THE TIFIN GROUP. The company is a fintech platform with ten active operating companies for the wealth and asset management industry. The investment will support the platform expansion and further advance the mission of transforming the investment experience. JPMorgan believes TIFIN's technology could shape the future of the wealth management and asset management industry.

Last week, JPMorgan released its first quarter financials, which far exceeded analysts' expectations. The company posted net income of $ 14.3 billion for the quarter, up 399% year over year. JPMorgan also had sales of $ 33.1 billion, up 14% over the previous year. At all costs, would you add JPM stocks to your portfolio?

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Adyen N.V.

Last but not least, we have the Dutch payment company Adyen. The company is a provider of mobile, online and POS (point of sale) payment solutions. In essence, it allows merchants to accept payments from all channels. In addition, the platform covers the entire payment chain, including technical, contractual, coordination and settlement processes. The company's share performed exceptionally well over the past year, increasing by over 150%.

See top fintech stocks (ADYEY stock)Source: TD Ameritrade TOS

In recent news, NDM Hospitality announced that Adyen has been selected to process payments for their brands across Florida. Adyen's platform gives NDM a holistic view of all data to improve the customer experience. In early April, Adyen teamed up with BNPL company Afterpay to offer Afterpay's BNPL service to retailers.

This isn't the first time Adyen has partnered with a BNPL company. Adyen announced a partnership with Affirm (NASDAQ: AFRM) back in November. This makes it easy for Adyens merchants to add Affirm as a payment option. Overall, these partnerships allow Adyen to capitalize on the rise in BNPL as a payment method. With that in mind, are you considering investing in ADYEY stocks?

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