Is Adyen a Buy?
The global card payment market is forecast to grow rapidly in the coming years. According to Nilson Report, a credit card news a data service, global card payments volume will reach $52.4 trillion by 2026, and for every single transaction, there needs to be a payment processor. Therefore, with digital payments scaling up quickly, there is an immense opportunity for payment processors to thrive.
Adyen (OTC: ADYE.Y) is an appealing pick in this market. Although many investors might not know the company, if you ever bought a burger from McDonald's or paid for your Spotify subscription with a debit card or digital form of payment, you have used Adyen, which is based in Amsterdam. With the shares about 60% below their all-time highs, should you add this payments processor to your portfolio?
Image source: Getty Images.
Source Fool.com
