1 Reason PayPal Holdings Can Keep Winning
PayPal Holdings (NASDAQ: PYPL) is the pioneer among the fintech (financial technology) companies in operation, but it's also still a leader and as relevant as ever, largely because digital payments are as relevant as ever and becoming more popular for customers and retailers.
The year 2020 was a record one for PayPal as the pandemic forced more and more companies around the world to accelerate digital adoption to keep the economy going. PayPal was right in the middle of the action and this digital adoption acceleration is the biggest reason PayPal stock will keep on winning in 2021 and beyond.
Spenders are increasingly relying on digital payments to make their purchases. Even as stores open after lockdowns, buyers are using contactless payments for quick and touch-free buying. That's huge for fintech operators who have invested in contactless technology. PayPal is focusing on cashless in-store payments as physical stores reopen to benefit from this trend. It sees 80% of its 2025 addressable market in stores.
Source Fool.com
