Some Amazon customers can pay utility bills using Amazon Pay with the help of fintech firm Paymentus’s Instant Payment Network (IPN), MarketWatch reports. Amazon claims customers in 95% of US ZIP codes could pay utility bills with Amazon Pay by 2020. Paymentus is a privately held fintech company that operates a bill pay service for PayPal (NASDAQ: PYPL). The fintech market growing fast, Stockrow reports PayPal’s revenues grew by 18.87% in the quarter ending on 30 September 2019.
In addition, the Gnosis team plans a new class of blockchain assets they call conditional tokens. I think the conditional tokens could be Ethereum Request for Content (ERC20) tokens that contain smart contracts linked to “conditional prediction markets.”
Interestingly, Alibaba’s income numbers are similar to Amazon’s. On 30 June 2019, Stockrow gives Amazon a quarterly net of $2.625 billion and an operating income of $3.084 billion. Hence, Alibaba’s income was slightly larger than Amazon’s income.
However, Baidu could have a 93.2% market share in the world’s second largest economy. Trading Economics estimates China had a gross domestic product (GDP) of $13.608 trillion in 2018. Plus, China had an annual GDP growth rate of 6.4% in 2019.
Disney and Target are partnering because they are facing the same aggressive, tech-savvy, and cash-rich competitor: Amazon. The hope is that Target and Disney can drive each other’s sales with synergy.
Many people are asking is Amazon too big because of the sheer size and power of the Everything Store. The most dramatic and dangerous effect of Amazon’s (NASDAQ: AMZN) size…
Amazon Scout; a six-wheeled robot is making deliveries in Snohomish County, Washington State, and Irvine, California, a press release and media reports claim. Interestingly, they design Scout; which is about the size of a baby carriage, to operate on the sidewalks.
A major threat to Family Dollar, and Colgate Palmolive, is Amazon Prime which gives consumers free shipping on all their basic needs for $12 a month. Statista estimates there were 103 million US Amazon Prime subscribers in March 2019 up from 95 million in June 2018. Moreover, Statista estimates the average Prime Member spends $1,400 on Amazon each year. Thanks to Amazon Prime, Americans are more used to shopping online.
Human managers often waste employees’ time with micromanagement, nick picking, needless training, and useless advice. Thus, eliminating managers could make stores more efficient and improve employee morale.
Those who invest for the Retail Apocalypse will make a lot of money because the great die off of retailers is real and getting worse. As of 21 June…
Among other things, Morgan Stanley cites Apple (NASDAQ: AAPL) and Goldman Sachs (NYSE: GS) plans to launch as a source of value. Thus, Morgan Stanley’s analysts believe Apple Pay is the clear leader among American digital wallets.
Wayfair’s growth over the past few years has been explosive. For example, Statista estimates the number of active Wayfair customers grew from 10.99 million in 2017 to 15.16 million in 2018. Moreover, Statista calculates Wayfair had only 2.09 million customers in 2013, 3.22 million customers in 2014, 5.36 million customers in 2015, and 8.25 million customers in 2017. Thus, Wayfair’s customer base grew by 13.07 million shoppers in just five years. Sales volume is also exploding at Wayfair. Notably, Statista estimates the number of orders Wayfair ships grew from 3.31 million in 2013 to 28.08 million in 2018. Specially, Wayfair shipped 5.24 million orders in 2014, 9.17 million orders in 2015, 14.06 million orders in 2016, and 19.41 million orders in 2017.