Amazon launched a credit card product in Brazil in an effort to compete with Mercado Libre and ramp up its fintech strategy in South America.
Amazon recently closed its marketplace in China but is still working on other businesses in the region; they are now...
Amazon has partnered with Synchrony Financial in order to launch the Amazon Credit Builder which targets customers who have no...
Amazon Lending first launched in 2011 and now is partnering with Bank of America Merrill Lynch according to sources; Amazon invites sellers to the program which provides loans between $1000 and $750,000; in June, 2017 Amazon announced it had lent $1 billion over the previous 12 months; recent reports show that Amazon has slowed growth of the product in 2017 to better understand credit risks. Source
Amazon (NASDAQ: AMZN) clients in the United Kingdom will have access to a new, flexible payment method – Instalments by Barclays.
Small business owners who sell on Amazon’s platform will soon receive invitations for revolving credit lines from Goldman Sachs; fixed...
According to a report from Banking Technology, Amazon could potentially be acquiring Capital One; Capital One uses Amazon's AWS cloud services; its credit card business could complement Amazon's current offerings for payment processing and credit cards while also expanding its services for Amazon's merchant network; according to Neil O'Brien, former director of digital banking at Santander US, "There has been speculation for a long time about a tech giant (GAFA – Google, Apple, Facebook, Amazon) buying a bank in the US, but the general sentiment was that banks were an undesirable target because of low margins and more importantly, high regulation."; the potential for a bank acquisition is now likely to increase given recent regulatory developments in the financial services industry. Source
Over the years Amazon has received lots of scrutiny from the public; however one area that is often overlooked is...
American Banker outlines Amazon’s current offerings in financial services and the recent rumors around new products including checking accounts, small business credit cards and mortgages. Source
Amazon has agreed to accept Visa cards across its global network, settling a feud that threatened to damage the financial giant’s business and disrupt e-commerce payments.