Paysign Inc (PAYS)

[RDT]

Three card issuer fintechs could profit from Wirecard's woes, BTIG says

BTIG analyst Mark Palmer sees the troubles of German payments and card-issuing firm Wirecard creating opportunities for Intelligent Systems (INS +2.0%), Paysign (PAYS -1.4%), and Green Dot (GDOT +4.3%).

PAYS’s strategy in its plasma donor card business is based in large part on taking market share from Wirecard in the U.S.

"We believe that, if Wirecard’s challenges persist, PAYS will be well-positioned to make an even more aggressive play to take over the company’s programs," Palmer writes.


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