Block, Inc. (NYSE:XYZ) is listed among the 10 Best Mobile Payments Stocks to Buy Now. Morningstar analysts believe its legacy Square business model allows it to reach and retain micro merchants. Square processed about $250 million in payments in 2024 and is considered one of the Best Digital Money Stocks.

Analysts note that Square’s early success came from growing the acquiring market rather than taking market share from competitors. The ongoing transition to electronic payments leaves room for payment providers to grow steadily without competing for market share. XYZ was established in 2009 and offers businesses payment services and the Cash App network for individual payments.

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Read more at Yahoo Finance: Why Block, Inc. (XYZ) Is Among The Best Mobile Payments Stocks to Buy Now?