As the acceptance of digital payments expands in the economy, there is a fundamental shift from cash to electronic transactions. The need for digital transactions is anticipated to increase as e-commerce grows and consumers favor real-time payments. The global digital payment market is expected to expand at a CAGR of 20.8% by 2030 to $96.07 billion.
Given the solid prospects of the industry, digital payments giant Visa Inc.’s (V) stock could be a quality addition to one’s investment portfolio.
