Wix Now Offers 'Tap to Pay' For Android Customers, Should You Buy The Stock?
Portfolio Pulse from Khyathi Dalal
Wix.com (NASDAQ:WIX) has launched its Tap to Pay service for Android customers, in partnership with payment processing platform, Stripe. The service allows secure, contactless payments directly from Android devices for U.S.-based merchants. The company recently reported a revenue growth of 13% in Q2, and analysts have continued to reaffirm its Market Outperform and Buy rating on the stock.
September 13, 2023 | 3:34 pm
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POSITIVE IMPACT
Wix.com has launched its Tap to Pay service for Android customers, which could potentially increase its customer base and revenues. The company's recent positive financial performance and continued positive ratings from analysts could also positively impact its stock price.
The launch of the Tap to Pay service for Android customers expands Wix's customer base, potentially leading to increased revenues. The company's recent positive financial performance and continued positive ratings from analysts suggest a positive outlook for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100