Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Divya PremkumarApril 30, 2021, 12:26 PM·5 min readOops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.
The pandemic created a shift from storefront to e-commerce, which is a trend that bodes well for fintech stocks.
With global saving rates topping $5.4 trillion, we are likely to see an increase in consumer spending as we approach the new normal. With the digital payments expected to be the norm in the future, all arrows point towards greater upside in the coming months.
There has been a broader shift from the use of credit cards to debit cards. Debit transactions have been on the rise this past year as people received their stimulus checks in their checking accounts.
Many have parked this money in digital wallets which have served as a major source of income for fintech companies. The rise of “buy now pay later” platforms that allow customers to pay in installments has...read more...