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Global Payments vs. Fiserv: Which Financial Services Technology Stock is a Better Buy?

Published 12/10/2021, 02:42 PM
Updated 12/10/2021, 03:30 PM
© Reuters.  Global Payments vs. Fiserv: Which Financial Services Technology Stock is a Better Buy?

The fintech industry is expected to achieve accelerated growth over the long term given the increasing adoption of online payments and gradual uptake of digital currencies. And we think industry leaders Global Payments (NYSE:GPN) and Fiserv (NASDAQ:FISV) are well-positioned to benefit from the industry tailwinds. But which stock is a better buy now? Read more to find out.The fintech industry has witnessed unprecedented growth since the onset of the COVID-19 pandemic in early 2020 as people began increasingly adopting online payments solutions in response to social distancing mandates. Fintech companies worldwide have raised $94.70 billion in the first three quarters of 2021 (ended September 2021), reflecting bullish growth prospects. In fact, the funds raised within the first three quarters of this year are equivalent to the total funding received by global fintech companies over the past two years combined.

With most governments working toward launching digital currencies in the near term, the fintech industry is expected to witness explosive growth over the long term. Both Fiserv, Inc. (FISV) in Brookfield, Wisc., and Global Payments Inc. (GPN) in Atlanta, Ga., are leading players in the fintech industry and we think are well-positioned to benefit from the industry tailwinds.

But the shares of both FISV and GPN have declined in price over the past year. While shares of GPN lost 34.9% over the past year, FISV fell 9.64%. And in terms of their past month’s performance, FISV is the clear winner with 3.9% gains compared to GPN’s 4.1% decline.

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