Why You Shouldn't Ignore Repay Holdings' Second-Quarter Results
Cash has long been falling out of favor as consumers shift more of their transactions to digital payments in many developed markets, but some industries have been holdouts. Specifically, lending, debt repayment, and business-to-business transactions are still heavily reliant on cash, checks, and legacy ACH (automated clearing house) to make payments.
But the crisis brought on by COVID-19 is making traditional transaction methods redundant, and many banks, credit unions, debt servicers, and other businesses are updating their systems accordingly. That's what makes Repay Holdings (NASDAQ: RPAY) an intriguing stock, especially after its second-quarter report.
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Source Fool.com
