Payments News » Amazon

Some Amazon sellers are outraged over a new payment policy designed to attract more corporate buyers

August 27 2018

in
Amazon

“Amazon is trying to lure business buyers onto its fast-growing marketplace, offering them extended periods to pay for things like heavy equipment and office supplies. Sellers fear the change is coming at their expense.”

Companies

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, […]

Companies

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

July 17 2018

in
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 […]

Companies

Amazon Pay acquires personal assistant platform Tapzo

August 31 2018

in
Amazon

“Amazon Pay has acquired personal assistant platform Tapzo, its first such deal in India, in a bid to build on and widen the scope of its payment offering.”

Companies

Amazon opens its largest Amazon Go convenience store yet

September 5 2018

“The latest location is its third overall and third in Seattle, where it’s headquartered. The 2,100 square feet store sits on the corner of Boren Ave. and Thomas St. and is its largest yet. The first iteration of the Amazon Go store was 1,800 square feet; it opened its doors to the public in a surprise opening in December […]

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Amazon Go Opens 1st Store Outside Seattle in Chicago

September 18 2018

“While there are some products from local Chicago vendors, the product line is little changed from the Seattle stores, according to Gianna Puerini, VP of Amazon Go, in a Chicago Tribune report. Offerings include meal kits for two, grab-and-go sandwiches, salads and snacks as well as other convenience foods. No hot prepared food is available, simply to avoid […]

Companies

Amazon Makes Good on Business-to-Business Threat

September 12 2018

in
Amazon
B2B

“On Tuesday, it said that platform, Amazon Business, had hit an annualized rate of $10 billion in global sales. That compares with $1 billion in U.S. sales in its first year of existence before Amazon expanded the platform into other countries including the U.K., Germany and Japan. For context, W.W. Grainger Inc., the largest U.S. industrial […]

Companies

Amazon Go Expands into East Coast with 1st NYC Store

September 11 2018

“Amazon is planning to open one of its cashierless convenience concepts in New York, evidenced by several listings posted on the ecommerce giant’s jobs page. The Seattle-based company is seeking at least three positions for a planned Amazon Go store in the Big Apple: store manager, assistant store manager and training lead associate. The new store […]

Companies

Amazon Will Consider Opening Up to 3,000 Cashierless Stores by 2021

September 20 2018

“Amazon.com Inc. is considering a plan to open as many as 3,000 new AmazonGo cashierless stores in the next few years, according to people familiar with matter, an aggressive and costly expansion that would threaten convenience chains like 7-Eleven Inc., quick-service sandwich shops like Subway and Panera Bread, and mom-and-pop pizzerias and taco trucks.”