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Even though concerns related to data security and increasing cyberattacks have been dampening the fintech industry’s growth, many companies in the space have immense growth potential due to the rising adoption of advanced technologies for digital transactions. In addition, the resurgence of COVID-19 cases in several countries could lead to an increase in demand for fintech solutions. According to an Expresswire report, the fintech market is expected to grow at an 8.6% CAGR over the next three years. Therefore, both V and PYPL should benefit in the coming quarters.
PYPL has gained 10.5% over the past month, while V returned 2.7%. Also, PYPL’s 38.2% gains over the past year are significantly higher than V’s 16.4% returns. And in terms of their past nine months’ performance, PYPL is the clear winner with 41.4% gains versus V’s 11.4%.
