Should You Buy This Blue-Chip Fintech Stock?

The foundation of prosperous long-term investing is built on owning the highest-quality businesses in industries that will grow in importance with each passing year.

Because the global economy depends on the timely and orderly completion of financial transactions between two or more parties, the payments industry is a safe bet for the long haul. As the second largest payments processing company in the world behind Visa (NYSE: V), it's hard to imagine a future in which Mastercard (NYSE: MA) doesn't continue to do well.

But is the financial technology stock a buy? Let's dive into its fundamentals and valuation of this fintech to address that question.

Source Fool.com