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Barchart
Sushree Mohanty

Block vs. PayPal: Which Fintech Stock Is the Better Buy Right Now?

Block PayPal fintech Bitcoin Square Cash App

Electronic payments aim to simplify financial transactions, playing an important role in the global shift to a cashless society. In the world of e-payments, two major players have emerged that are trying to innovate how money moves in this digital age. With their distinct approaches and offerings, fintech companies Block (SQ) - formerly known as Square - and PayPal Holdings (PYPL) have revolutionized online and mobile transactions.

While tech stocks have rallied this year, fintech stocks Block and PayPal have both been clobbered due to macroeconomic pressures, including persistently high interest rates. Block’s stock is down 23.1% for 2023, while PayPal shares have dipped 23% year-to-date, compared to the S&P 500 Index’s ($SPX) gain of 13.6%. 

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