Their stocks have also gone to the stratosphere as total transaction volume has surged.Īll that is now in question, however. That’s where firms like Global Payments and Fiserv enter the mix. It needs firms that manage the nitty gritty of handling credit and debit card payments. Visa doesn’t exist on an island, however. V stock is up 800% over the past 10 years, for example. For the past decade or so, it’s been an easy trade to own Visa and Mastercard (NYSE: MA) as the ultimate winners in the “war on cash.” As the world goes from cash to plastic, it’s made fortunes for the credit card companies. The meta-narrative driving payments stocks right now centers around disruption.
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