Business
2 great ASX payment shares to buy
Some ASX payment shares have exciting futures and may be able to generate good returns over the longer-term.
The world is steadily moving away from cash and towards digital payments. Some ASX shares can give investors exposure to that theme, whilst also displaying good signs of growth.
These two fit that description:
Humm, which used to be called FlexiGroup, is focused on the buy now, pay later space.
It also offers other payment services including revolving credit and small and medium enterprise (SME) finance. It facilitates purchases for over 2.6 million customers.
In the first half of FY21, it generated cash net profit after tax (NPAT) of $43.4 million – up 25.8%. Statutory NPAT increased by 15.9% to $38.6 million. It’s one…
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