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July 12, 2019Blog Posts

Amazon Prime Day Starts Monday And Is Shaping up To Be a Payments Bonanza

Digital Transactions

Amazon Prime Day is set for next week, and by all accounts Amazon.com Inc.’s online and in-store shopping frenzy is likely to be a payments-palooza. The event, which despite its name is set to cover two full days—July 15 and 16—this year, will generate $5.8 billion in sales, with $3.6 billion, or 62%, of that total coming from U.S. shoppers, projects Coresight Research, a New York City-based firm that follows retail spending. Internet Retailer is even more optimistic, forecasting $6.14 billion in sales.

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