Amazon Pay - Competitor Profile
Amazon Pay was launched in 2007 as Pay with Amazon, before being rebranded to its current name. The solution enables users to pay for purchases on third-party partner merchant websites and apps using payment methods saved on the users Amazon profile. In the US, Amazon Pay accepts credit and debit cards from major scheme providers including Visa, Mastercard, Discover, American Express, Diners Club, and JCB. Users can also make payments using their Amazon account balance. In India, Amazon offers the Amazon Pay Balance digital wallet, enabling customers to load funds and make purchases on Amazon.in and partner merchant websites and apps.
In July 2017, Amazon Pay introduced a payment service called Amazon Pay Places, which allows users to make purchases from offline stores via its mobile app. This was launched in partnership with restaurant chain TGI Fridays, enabling users to browse the TGI Fridays menu and place their order directly through the app. It also ventured into in-store payments with its launch of QR code-based in-store payments. In addition, it offers Amazon Pay for small businesses, enabling SMEs to accept in-store payments through Amazon Pay.
In April 2020, Amazon Pay introduced Amazon Pay Later, an instant credit service, in partnership with online credit solutions provider Capital Float and the Karur Vysya Bank (KVB) in India. The service enables users to obtain digital credit, which can be used to make purchases on the Amazon website.
The report provides information and insights into Amazon Pay including -
- Detailed insight into its business
- Comprehensive coverage of its products and services
- Comparative assessment with key alternative payment solutions
- Information on its performance, including its revenue model
- The companys important events and milestones
- In 2007, Amazon Pay was launched as Pay with Amazon. Rebranded as Amazon Pay in 2017.
- In July 2017, Amazon Pay launched Amazon Pay Places, enabling users to make in-store payments using the Amazon app in the US.
- In January 2019, Amazon Pay launched Amazon Pay for small businesses, enabling SMEs to accept in-store payments through Amazon Pay.
- In April 2020, Amazon Pay launched Amazon Pay Later, an instant credit service, in partnership with Capital Float and KVB in India. The service enables users to obtain digital credit, which can be used to make purchases on its Amazon shopping website.
Reasons to Buy
- Gain insights into Amazon Pays business operations and key events.
- Gain insights into its product portfolio and revenue model.
- Assess the competitive dynamics in the alternative payments industry by comparing its performance against competitors.
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Products & Services
Partner Merchants in the US
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