The migration to digital payments has been huge over the last decade. E-commerce is increasingly becoming the rule versus the exception, digital banking is on the rise, and better access to the internet is opening up new options for consumers around the globe to move and manage money.
Though it often gets overlooked for digital payment network operators like Visa and Mastercard as well as fast-growing financial technology outfits like PayPal (NASDAQ: PYPL) and Square (NYSE: SQ), Fiserv (NASDAQ: FISV) is no slouch. In fact, it was one of the best-performing fintech stocks of the 2010s, clobbering both the stock market overall and most of its peers with a more than 850% total return.
After a decade of massive growth, Fiserv (NASDAQ: FISV) consolidated with First Data in July 2019 with a $22 billion all-stock merger -- just in time for the coronavirus crisis. While not ideal timing, the disruption is proving to be an opportunity for Fiserv to offload unnecessary expenses and double down on its highest growth revenue streams. It's time to give this war-on-cash stock a little love.
Source Fool.com