Wall Street Journal

Hey Alexa, Can You Help Amazon Get Into the Payments Business?

Hey Alexa, Can You Help Amazon Get Into the Payments Business?

  • April 09, 2018
  • min read

Wall Street Journal

Hey Alexa, Can You Help Amazon Get Into the Payments Business?

Amazon is considering entering the banking sphere, both through their virtual assistant Alexa and in-store payments. If Amazon can move more transactions to its own rails or get better deals from card companies, it could save more than an estimated $250 million in interchange fees each year, Bain & Company consultants say.