April 5, 2016Blog Posts

Amazon eyes fintech acquisitions

Finextra

Speaking on the fringes of the Money2020 conference in Copenhagen, Amazon executive Patrick Gauthier revealed that the e-commerce giant is contemplating acquisitions in the payments space as fintech valuations come down to earth. Gauthier heads up Amazon’s payments unit, which counts 23 million active users and is experiencing 200% year-on-year growth in merchants applying its Pay with Amazon button to enable consumers to use their Amazon accounts for one-click shopping at other e-commerce sites.

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