3 Ways to Invest in Cashless Payments
More consumers may start returning to shopping in stores as we move past the pandemic, but that doesn't mean they'll be paying with cash. The last year of socially distanced economic activity has accelerated a trend toward cashless payments that had been gradually growing over the last decade.
A study from financial services specialist Square (NYSE: SQ) found that cash transactions at its U.S. merchants as a percentage of overall transactions fell from more than 50% in 2015 to around 30% today. That includes an 8.3 percentage point drop in the last year.
For investors expecting the cashless payments trend to continue, here are three ways to invest that take advantage of it.
Source Fool.com
