Got $1,000? 3 Payments Stocks to Buy and Hold Forever
The United States is the world's largest economy, and consumer spending accounts for over two-thirds of that economic activity. Americans spending money essentially makes the world's economy go round.
All that money must flow on networks connecting consumers, merchants, and banks, which many call the payments industry. Just a tiny trio dominates this space. Approximately 96% of U.S. debit and credit card payments ran on just three networks in 2022, according to research by The Motley Fool.
As you might imagine, the companies behind the networks have been stellar investments for years.
Source Fool.com
