Everything You Need To Know About What Amazon Is Doing In Financial Services
CB Insights
DECEMBER 4, 2019
Webpay failed to gain user traction and was shut down in 2014, unlike up-start Venmo (now a part of rival payments processor PayPal). Swipe fees alone are a $90B-a-year business for banks, card networks like Visa, and payment processors like Stripe. Its first entry point in the market was in payments in October 2014.
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