Could Amazon Doom FedEx?

Consequently, The Verge brands Amazon a “serious rival to FedEx and UPS.” Hence, Amazon could become America’s dominant delivery brand within three years. Thus, we could live in a country where Amazon is the average person’s first choice for delivery orders. In other words, FedEx’s worst nightmare could soon become a reality.

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The Incredibly Growing Amazon

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.

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