Jupiter's De Blonay: Europe's untapped payments potential

Three reasons why payments 'status quo' will not last

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Guy de Blonay of Jupiter Asset Management
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Guy de Blonay of Jupiter Asset Management

European payment stocks had a good year in 2019, with most players in the sector seeing a decent rise in their share price.

In our view, there is no reason to think this year should be any different. Even if there was to be an increase in economic volatility in 2020, as many observers argue, we expect the fundamental backdrop to remain favourable as the two structural drivers that underly the growth of the industry are still firmly in place. These are: • The global shift from cash to electronics payments (notably cards) is far from complete. Industry estimates suggest that more than 70% of transactions are still settled in cash in the eurozone (versus close to 40% in the UK and close to 30% in the US). ...

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