In this article, I evaluated two financial services stocks, PayPal Holdings, Inc. (PYPL) and Enova International, Inc. (ENVA), to determine which has the potential for better returns. We believe ENVA is the better buy for Value for reasons explained throughout this piece.
Financial organizations provide several consumer financial services, including current and savings accounts, online payment options, credit and debit cards, mortgage and commercial loans, insurance, and investment management. Solid consumer spending and business investment activity drive demand for these financial services.
As per a report by BlueWeave Consulting, the global consumer finance market size is expected to grow at a CAGR of 7.1%, reaching a value of $1.96 trillion by 2029. The quick clearance of loan requests from government and private banks or financial institutions and the easy accessibility of several loans like vehicle, house, or personal loans should boost the market’s growth.
Expanding access to credits and loans through digital payment systems is also expected to provide the consumer financial services market with abundant development prospects.
Moreover, the COVID-19 pandemic has boosted the global surge in the use of digital payments, creating high-growth opportunities for financial companies. The digital payments market size in terms of transaction value was valued at $8.40 trillion in 2022 and is projected to…
Continue reading at STOCKNEWS.com
