Should You Start Your War-on-Cash Investment Basket With Visa?

After another quarter of year-over-year revenue declines, it might be hard to get too excited about Visa (NYSE: V) (or its peer Mastercard, for that matter). Both are suffering from significantly lower transaction volume this year. Nevertheless, the trend toward cashless payments is making steady progress all around the world. And Visa, with its massive globe-spanning digital transaction business, is one of the best bets on an eventual economic recovery. While fintech outfits like PayPal and Square may look like the best starting places for a war-on-cash portfolio, don't ignore Visa's growing capabilities in financial technology and best-in-class profit margins.

Image source: Getty Images.

A lot of travel plans -- of both the business and leisure variety -- have been eliminated this year, but Visa has replaced much of the activity with e-commerce transactions. Nevertheless, cross-border money movement between countries is hurting, and while digital cash is still in motion, not as much of it is flowing through Visa's system as prior to the pandemic.

Source Fool.com