In the world of payment processing, Lightspeed POS (LSPD) is an industry behemoth. The company’s focus on providing hardware and software solutions to small and medium-sized businesses (SMBs) to digitize their offerings is much-needed. Indeed, Lightspeed’s existing market positioning has been very fruitful during the pandemic. (See Lightspeed stock charts on TipRanks) Investors can think of Lightspeed as a smaller niche competitor to other POS omnichannel players such as Square (SQ). That said, the company’s business model has been shifting of late.
https://www.tipranks.com/news/article/lightspeed-could-speedily-dominate-e-commerce-space
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