Tech In Asia
"Amazon has reached an agreement to acquire the Indian buy-now, pay-later company Axio as part of its expansion into financial services in India. Finalized in December 2024, the deal awaits approval from the Reserve Bank of India."
Amazon
"Amazon Web Services, Inc. and Grab, Southeast Asia’s leading superapp announced that Grab has selected AWS as its preferred cloud provider. With AWS, Grab is pursuing a technology-led strategy to accelerate growth across its mobility, deliveries, and financial services verticals, including its new digibanks, while continuing to improve its operational efficiencies and reduce IT infrastructure costs."
Intuit Inc.
"Intuit Inc. and Amazon announced a multi-year strategic partnership to empower millions of Amazon sellers to manage their finances, stay compliant, access capital, and grow their business."
Chain Store Age
"Customers in select U.S. states and Washington, D.C. can now purchase a wide range of products and services beyond food with federal benefits payment. An Amazon spokesperson said the e-tail giant is now accepting federal Cash EBT benefits as a payment option on its website in 17 states and Washington, D.C."
Amazon Press Center
"Amazon announced that Prime members can now save $0.10 per gallon at approximately 7,000 bp, Amoco, and ampm gas stations across the U.S. Additionally, Prime members can expect more savings —in 2025, Amazon plans to add an electric vehicle charging offers with bp pulse, bp’s electric vehicle charging business, with details to be revealed next year."
Modern Distribution Management
"B2B payments platform Melio integrated with the Amazon Business Reconciliation API to synchronize Amazon Business invoices in a single payment system. New York-based Melio, a payment platform for businesses, offers customers payment choices for flexibility to pay and receive payments how they want."
TechCrunch
"Amazon’s Buy with Prime program, which lets shoppers with a Prime membership purchase items from third-party stores and check out using their Amazon account, is getting a new payment option: PayPal."
Business Standard
"Amazon Pay UPI today announced that its app has crossed a major milestone, having been adopted by over 100 million customers. Leading use cases include mobile recharges, utility bill payments, and e-commerce transactions."
Barclays
"Amazon and Barclays announced a new partnership to launch a co-branded credit card in the UK. The new card enables customers to earn rewards on everyday spending, which can be redeemed for gift cards on Amazon.co.uk."
Visa
"Visa has announced a new collaboration with Amazon that will provide Canadian consumers with more choice at checkout. When shopping online on Amazon.ca or on the Amazon app, eligible RBC and Scotiabank credit cardholders will now have the option to select Installments enabled by Visa as their method of payment for qualifying purchases."
Your Story
"Despite Amazon Pay UPI’s considerable progress, the UPI landscape remains dominated by Google Pay and Walmart-backed PhonePe. Amazon Pay is now doubling down on what helped it initially grow in India—credit."
Digital Transactions
"Visa Inc. said early Thursday it has joined a network of service providers maintained by Amazon.com Inc. The e-commerce giant’s AWS Partner Network will enable Visa to reach new clients for its payment services, particularly fintechs and independent software vendors (ISVs) accustomed to operating through cloud computing, Visa said."
Chain Store Age
"In an email to Chain Store Age, Amazon spokesperson Jessica Martin confirmed multiple media reports that as part of a broader effort to redesign its Amazon Fresh high-tech grocery banner, the company will remove its “ Just Walk Out ” frictionless, cashierless shopping technology from Amazon Fresh stores."
TechCrunch
"Amazon announced the launch of its new app for Amazon One, its contactless palm recognition service that allows customers to hover their palm over a device in order to purchase from select places, including more than 500 Whole Foods Market stores, Amazon stores and more than 150 third-party locations."
Chain Store Age
"Amazon is using technology from financial infrastructure platform Stripe to process cashierless payments in two countries. Amazon is now integrating Stripe into Just Walk Out for retailers in Australia and Canada."
The Economic Times
"A payment aggregator licence by the RBI will enable Amazon to increase its merchant payments business, a major opportunity for the ecommerce giant given its large online shopping business in India."
MediaPost
"Amazon plans to launch a subscription model for its voice assistant Alexa later this year, but testing issues may push back the release date."
Amazon
"Badge pay is the latest Just Walk Out technology innovation that removes friction for retailers while providing convenience for customers."
OPP.Today
"In a recent announcement, Amazon revealed that as of January 10, 2024, Venmo will no longer be accepted as a payment method."
Tearsheet
"Amazon and Affirm have joined forces to offer BNPL solutions to sole proprietors or exclusive owners of small businesses who make purchases on Amazon Business."
Chain Store Age
"Amazon is expanding an existing partnership with financial products and services company Affirm to make Affirm the first pay-over-time payment option for its Amazon Business business-to-business (B2B) online storefront."
TechCrunch
"Amazon today introduced a new version of its Just Walk Out retail technology that allows customers to skip the cashier lines when they make a purchase by having their payment card automatically charged."
ERP Today
"Natwest Group has expanded its ongoing collaboration with AWS to accelerate the use of AI, including AWS’s generative AI solutions, to rapidly pursue the bank’s goal of helping ten million people manage their financial well-being per year by the end of 2027...NatWest Group has developed AI models with AWS to help the bank detect if customers might be in the process of being scammed."
PR Newswire
"Today, Crunch Fitness announced that it is the first fitness brand to introduce the Amazon One palm recognition service as an entry option for its members at select Crunch locations nationwide."
Business Wire
"Today, Amazon announced the Buy with Prime app for Shopify, a new app integration that makes it easy for merchants to offer Buy with Prime on Shopify stores. The Buy with Prime app for Shopify gives Prime members the option to select Buy with Prime on a product’s detail page before completing their order within Shopify’s Checkout."
Chain Store Age
"Amazon is giving a wider range of credit card holders access to use flex payments with Amazon Pay."
TronWeekly
"In a groundbreaking move, Amazon, the world-renowned e-commerce titan, has announced a strategic partnership with Ripple, a pioneering cryptocurrency company. This collaboration aims to bring Ripple’s XRP token into the heart of Amazon’s payment operations, potentially reshaping the landscape of global online commerce."
WSJ
"It’s also a potentially massive play to make Amazon the central ID system for your whole life—from banking and loyalty programs to tickets, age verification and someday even health records and corporate ID cards, (Subscription Required)"
Barchart.com
"Amazon was sued Wednesday by the Federal Trade Commission for allegedly engaging in a yearslong effort to enroll consumers without consent into Amazon Prime and making it difficult for them to cancel their subscriptions."
Yahoo Finance
"Amazon and Affirm, announced today that eligible U.S. merchants offering Amazon Pay can now seamlessly add Affirm’s Adaptive Checkout™ as a payment option at checkout. This brings Affirm’s pay-over-time technology, used by millions of customers on Amazon.com and the Amazon mobile app, to Amazon Pay’s simple and secure payment solution."