Better Buy: Global Payments vs. Square
Investors do not have to be particularly observant to notice that cash is being used less and less in today's economy. As American consumers order more things online and through mobile apps, cash use has steadily declined as various forms of electronic payments have risen. According to Accenture's 2016 North America Consumer Digital Payments Survey, 67% of consumers regularly used cash in 2015. By 2020, that number is expected to drop to 56%.
Given these trends, it only makes sense for investors to want to capitalize on them. Consider the companies that comprise the payment processing industry, which process credit, debit, and mobile payments at the point of sale. Two of the companies in this industry, Global Payments Inc (NYSE: GPN) and Square Inc (NYSE: SQ) gave investors monster gains over the first half of the year, but which of these payment processors makes for the better investment right now? Let's take a closer look.
Source: Fool.com
Accenture plc A Stock
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