Why Afterpay Is the Next Great Fintech Growth Stock

Today, most people in developed countries use credit cards and debit cards to purchase goods (especially when buying online), but according to Afterpay (ASX: APT), millennial and Gen Z shoppers have an aversion to credit cards and accumulating debt. So how will millennial shoppers choose to pay for their goods if they don't like plastic? Buy now, pay later payment solutions is one answer, and Afterpay is leading the push in this growing payment trend.

(One note as we get started: Afterpay primarily trades on the Australian Securities Exchange. It is available over the counter in the U.S., but those shares are lightly traded and too volatile to recommend. Consult with your broker to find out if Australian stocks are accessible to you. If not, consider choosing another broker that does offer international stocks.)

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Source Fool.com