Payments News » Amazon

Amazon Backs Indian Startup To Replace Cash With Contactless Payments

June 15 2018

“The Seattle, U.S.-based retailer led an investment of $6.5 million (around Rs 43.7 crore) in digital payments startup ToneTag, infusing nearly Rs 32.3 crore. Mastercard, Manipal Global Education Chairman Mohandas Pai’s investment arm 3one4 Capital and Elevate Innovation Partners also participated in the round, according to filings with the Registrar of Companies that were reviewed […]

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Amazon Go Targets Chicago, San Francisco For New Stores

May 15 2018

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Amazon

“Amazon Go is headed for Chicago and San Francisco. The retailer, which opened its first cashierless store concept to the public in Seattle in January, is seeking store managers in both cities, according to recent job postings on Amazon’s website. In response to an inquiry, a spokesperson confirmed that the company was planning to open stores in […]

Companies

Amazon Is Finally Helping Developers Turn Alexa Skills Into Money

May 4 2018

“Amazon is announcing general availability in the U.S. for in-skill purchasing, which allows the creator of a skill to sell content to an Alexa user–both one-off purchases and monthly or yearly subscriptions, with the entire transaction handled inside the skill via voice on a device such as an Echo or a third-party Alexa-compatible gadget. (As […]

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Amazon And SoftBank Vie To Take Japan Cashless

July 30 2018

“The platforms offered by the U.S. online retail giant and the Japanese tech and investment powerhouse will require minimal investment by merchants. That approach is friendly to smaller businesses — a group that is estimated to account for about 90% of Japan’s shops — for whom obtaining specialized equipment is a heavy burden. Through local arm Amazon Japan, […]

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Amazon’s Share Of The US E-commerce Market Is Now 49%, Or 5% Of All Retail Spend

July 13 2018

in
Amazon

“It started as an online bookstore, but today Amazon is a behemoth in all areas of e-commerce, fuelled by a strong Marketplace network of third-party sellers, an ever-expanding range of goods from groceries to fashion, and a very popular loyalty program in the form of Prime. Now, it is fast approaching a tipping point where […]

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Amazon Prime Day U.S. Sales Bigger Than Last Year, Despite Site Issues

July 17 2018

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Amazon

“Despite the massive glitches that prevented online shoppers from being able to browse and buy from Amazon’s Prime Day sale yesterday, the retailer is this morning claiming its Prime Day sales in the U.S. are “bigger than ever,” and grew faster than last year’s Prime Day within the first ten hours of the annual sales event. In […]

Companies

A New Rivalry Brews As Flipkart, Amazon Cut Google Ad Spends

July 16 2018

“Google’s e-commerce push and the rising importance of Flipkart and Amazon in digital ads are the latest examples of how intertwined the tech business has become and how internet firms are increasingly encroaching on each other’s turf. A few years ago, it was unthinkable that Google would enter e-commerce or that Amazon could ever threaten […]

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Amazon Says More Than a Million U.S. Small Businesses Sell on Its Site

May 3 2018

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Amazon

“The Seattle-based retailer has previously said that it had more than two million total third-party sellers world-wide, but hadn’t given a breakdown in the U.S. In its release on Thursday, it also listed the number of smaller merchants by state, saying California had the most with more than 175,000, followed by New York with more […]

Companies

American Express To Launch New Amazon Cobrand Card To Enhance How Small Businesses Buy

June 26 2018

“American Express today announced plans to launch a new cobranded Amazon credit card for small businesses in the U.S. The new cobranded card will enhance the way small businesses buy goods and services across Amazon, and is part of a larger multi-year partnership. This partnership also includes an enhanced data solution that gives businesses in […]

Companies

Amazon Introduces First-Ever Small Business Impact Report – Analysis Reveals New Information about the More Than One Million U.S.-Based Small and Medium-Sized Businesses Selling on Amazon

May 4 2018

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Amazon

“Today, Amazon introduced the Small Business Impact Report highlighting new details about the millions of small and medium-sized businesses that have chosen to grow their business on Amazon. Like the larger U.S. economy, small and medium-businesses are the backbone of Amazon’s stores, providing customers with millions of unique products – from handmade artisanal products to electronics they invented […]