The Five Best War-on-Cash Stocks to Buy for 2020
You run to the grocery store to grab a quart of eggnog. As you walk up to the door, you begin to hear the jingle of Salvation Army bell ringers. They stare straight at you, hoping for a donation, but you don't have a dime. You don't carry change any more.
The Salvation Army is getting used to this. Its big red kettles have clinked less and less over the years as fewer people have anything physical to donate, thanks to the war on cash. But this holiday season, the story has a happy ending. The Salvation Army is introducing Kettle Pay: Simply scan the code and donate via Apple Pay or Alphabet's Google Pay.
We call it the war on cash, but perhaps it could also be accurately referred to as the digitization of commerce. And just like traditional commerce, you can invest in the war on cash from multiple angles. With that in mind, Mastercard (NYSE: MA), PayPal (NASDAQ: PYPL), Global Payments (NYSE: GPN), Square (NYSE: SQ), and Alibaba (NYSE: BABA) are my top five war-on-cash stocks going into 2020. Read on to the end to learn which is my top pick.
Source Fool.com