PAY - Paymentus: Robust Business With Secular Catalyst
2024-04-11 03:59:01 ET
Summary
- Paymentus is a bill payment technology company that focuses on non-discretionary target verticals.
- Despite lackluster performance since its IPO, PAY stock has appreciated by 145% in the past year.
- The company has a solid and predictable business that is benefiting from secular growth opportunities in the digital bill payment market.
Paymentus ( PAY ) is a company providing bill payment technology and solutions for over 2,200 billers in North America. PAY generates most of its revenues from transaction fees, and therefore benefits from the fact that it focuses on non-discretionary target verticals, such as utilities, financial services, or healthcare....
Paymentus: Robust Business With Secular Catalyst