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3 Stocks for the Credit Card Revolution – PAY, IFNNY, NXPI
Adopting new technology for payment systems can enrich investors
Chipmaker NXP Semiconductors (NXPI) makes specialized chips for credit cards. According to analyst Vijay Rakesh, “With around 80% share of contact-less EMV cards worldwide, NXP should be a beneficiary of a potential 2014-15 EMV wave in the U.S.”
NXP also has an 11% share of the Chinese market for semiconductors, according to Financial Times; and a partnership with China Unicom Pay, the only domestic bankcard organization in China operating under approval of the People’s Bank of China, for EMV cards. Smart chips are the basis of the technical standard behind more than 1.24 billion payment cards and 15.4 million POS terminals. Shares of the $11 billion company rose 78% in 2013.
Article printed from InvestorPlace Media, http://investorplace.com/2014/01/axp-tgt-pay-ifnny-stocks-to-buy-credit-card/.
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