PayPal and American Express digital payment stocks perform well amid economic growth and consumer usage.
PayPal Holdings, Inc. (NASDAQ:PYPL) and American Express Company (NYSE:AXP) are among the lucrative digital payments stocks, with the industry benefiting from consumer economic interactions and processing fees from transactions. The Nasdaq CTA Global Digital Payments Index has gained since October, despite losing 20% during inflation and interest rate concerns. Both PayPal and American Express continue to grow with the economy, offering virtual payment options for consumers.
May 25, 2024
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