The financial technology (fintech) space will continue to have strong tailwinds despite the current negative sentiment. One market that looks promising is the electronic bill presentment and payment (EBPP) segment.
The EBPP sector could process as many as 30.7 billion bills by 2027, up from 18.2 billion in 2020. That might even be a conservative forecast. (Source: “Global Electronic Bill Presentment and Payment (EBPP) Market Report 2021,” Business Wire, April 9, 2021.)
To get exposure to the EBPP space, investors might want to consider Paymentus Holdings Inc (NYSE:PAY). The company provides cloud-based bill payment technology to organizations in the utilities, financial services, insurance, government, telecommunications, and health-care sectors.
More about Paymentus stock here
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