MSFT - Alternative Payment Option For Microsoft Sent This Stock Soaring

A London-based tech firm captured the attention of traders on Tuesday after it was announced that the company strengthened its relationship with %Microsoft () after it launched %Paysafe card as a new alternative payment option on Microsoft.com and Xbox.com in the United States (as well as eight additional European countries), according to the release.

This announcement led traders to snatch up shares of %Paysafe () as shares reached up to $1.71/share (+17.93%) at the early session high. Should this stock finish the session in the green, this move will mark the fourth consecutive positive session.

Paysafe Ltd is an integrated payments platform. Its core purpose is to enable businesses and consumers to connect and transact seamlessly through capabilities in payment processing, digital wallet, and online cash solutions. The company provides payment solutions through three primary lines of business: Integrated Processing, Digital Wallet, and %eCashSolutions . It derives a majority of revenue from the USA followed by Germany, the UK, and all other countries.