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"Why Shopify Has Payments Power Over Amazon"
Stay on top of your eCommerce news through The Information
The Information covers e-commerce trends closely and was the first to report on Amazon’s strategy shift to allow its rival Shopify to handle payments for Amazon Pay transactions. This move follows Amazon's struggle to gain ground in the market, facing competition from PayPal, Apple Pay, and Shopify's Shop Pay.
The shift signifies a significant departure from Amazon's ambition to manage payments across the internet, leading to recent layoffs in the Amazon Pay division. With Shopify processing payments for Amazon Pay transactions on U.S. merchant sites, this signals a noteworthy change in dynamics between the two e-commerce giants.
For more details, read the full article on The Information.
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