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The COVID-19 pandemic has led to a massive surge in e-commerce sales, thereby boosting the need for payment processing solutions. Furthermore, with growing consumer demand for contactless delivery and payments, the demand for payment technology solutions is increasing significantly. The payment processing solutions market is expected to register an approximately 10.2% CAGR during the period 2021 – 2026. Given the accelerated adoption of digital payment methods, both EVTC and GPN should benefit.
EVTC has gained 20% in price over the past six months, while GPN has shed 23.9% over the period. Also, EVTC’s 15.8% gains year-to-date compare with GPN’s 23.9% slump. In terms of past year’s performance, EVTC is the clear winner with 33.3% gains versus GPN’s 6.7%.
