Dear David

 I hope you are well, and thank you for your service and that of Eoin's. Still, without exception, the best there is.

 I just discovered this morning that Worldpay is now a FTSE100 company.  Not bad after IPOing only recently.

 Can you add to the library please?

 As well, I would appreciate any thoughts or overview you can provide to this global payments environment. With PayPay now released from eBay, we can presumably expect it to be a competitor. But I am unclear who the significant future plays might be, apart from Credit Card companies.

 With best wishes

David Fuller's view

Many thanks for your kind words and we are happy to add a new FTSE100 company to the Chart Library.

Worldpay Group Plc (est p/e 39.67 & yield nil) has done well since its launch in October and is now in a reaction and consolidation phase following the key day reversal last Thursday.  PayPal Holdings Inc (est p/e 27.73 & yield nil) had underperformed before October, perhaps in anticipation of its rival’s float that month.

Not surprisingly, the Bloomberg descriptions are very similar.  Here are the second and third sentences of Worldpay’s: “The Company offers proprietary technology platforms that enable merchants to accept credit and debit card payments in-store, online, through telephone, and smart phones.  Worldpay Group serves customers worldwide.”

These are obviously attractive high growth businesses which are already attracting plenty of competition.  The capitalist model for most industries is a number of competitors at the beginning, most of which are winnowed out over time.  The survivors which go on to flourish usually have the best management.  Relative share performance should be a good indicator over the medium to longer term.