The ETFMG Prime Mobile Payments ETF (IPAY™) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Prime Mobile Payments Index. The Index provides a benchmark for investors interested in tracking the mobile and electronic payments industry, specifically focusing on credit card networks, payment infrastructure and software services, payment processing services, and payment solutions (such as smartcards, prepaid cards, virtual wallets).
Investment Goals:
IPAY® capitalizes on the shift from credit card and cash transactions to digital and electronic systems.
The first ETF to target the mobile payments industry. Capitalizes on the transition taking place from cash/physical credit card payments to a mobile/digital system.
Benefits from the increasing use of smartphones, ecommerce and the need for hassle-free transacting.