Global Payments Inc – Top Industrial Stocks For 2021
Global Payments calls itself a pure-play payments and software solutions company. It serves 1300 financial institutions and 3.5 million customers globally. You may be wondering what a payments company has to do with industrial stocks. The technology provided by Global Payments supports the operations of large industrial companies. Digital payment providers form an essential part of America’s industrial economy and the overall economy. Therefore, it may be good to look at companies like Global Payments if you are creating a list of 2021 top industrial stocks. Who knows, you might find certain hidden gems in the process. Global Payments is present in more than 100 countries across North America, South America, Europe, and Asia-Pacific. The stock is a member of the S&P 500 index. If you wonder what the ticker symbol is, type GPN, and you will see Global Payments Inc.
Electronic Payments Overall Outlook
The payments technology sector has evolved tremendously in the last decade or so. More and more businesses worldwide are adopting some form of electronic or digital payment infrastructure in their operations. The use of debit and credit cards has also gone up. Mobile payments are ushering in a new era on the consumer side. Electronic payments have almost become a necessity rather than a luxury. And this necessity is being felt across the spectrum, whether the business is a one-person micro-operation or a huge multi-national company operating across the world’s continents. Not to mention, the pandemic has further accelerated this trend towards digital payments. Companies that offer payment processing solutions, software, and other supporting services are poised to see significant growth in such an environment. So, if you are thinking about the top industrial stocks for 2021, try to think about companies that support these industrial majors in their payment operations.
The global experience and infrastructure that Global Payments has helped the company in seamlessly supporting merchants and corporations that have a global presence. The company also has long-standing relationships with large financial institutions, payment service providers, and major value-added resellers. These factors are important competitive advantages for Global Payments Inc.