Why Block, Inc. (XYZ) Is Among The Best Mobile Payments Stocks to Buy Now?

Block, Inc. (NYSE:XYZ) is among the 10 Best Mobile Payments Stocks to Buy Now. According to Morningstar analysts, Block, Inc. (NYSE:XYZ) can reach and retain micro merchants that are unfeasible for other acquirers. This is due to its legacy Square business model, which is defined by successful client onboarding, modern point-of-sale devices, flat fees, and an internally developed and integrated set of software solutions.

Why Block, Inc. (XYZ) Is Among The Best Mobile Payments Stocks to Buy Now?

According to analysts, Square’s early success was mostly due to growing the acquiring market rather than taking significant market share from competitors. There is space for payment providers to grow steadily without gaining market share from one another, due to the ongoing transition toward electronic payments.

Block, Inc. (NYSE:XYZ) was established in 2009 and provides businesses with payment services as well as associated services. The business also introduced the Cash App, a network for individual payments. Square processed about $250 million in payments in 2024. It is among the Best Digital Money Stocks.

While we acknowledge the risk and potential of XYZ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than XYZ and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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