FinTech Magazine May 2024 | Page 36

AMAZON PAY
TOP 10

10

Andy Jassy CEO , Amazon

AMAZON PAY

REVENUE : US $ 514BN FY 2023 - AMAZON . COM
EMPLOYEES : 1.54 MILLION CEO : ANDY JASSY FOUNDED : 1994 ( AMAZON )
Amazon Pay enables partner companies to embed a payments function on their websites through which customers can pay for products and services . Amazon Pay supports several payment functions , such as SEPA payments in the EU and SWIFT payments globally . With no monthly commission for use , Amazon Pay offers low transaction fees , a high level of security and a simple registration process that takes no more than a few minutes . The Amazon Pay system allows users to make payments in their national currency with further conversion into US dollars at the average rate . 36 May 2024