Summary of Everything You Need To Know About What Amazon Is Doing In Financial Services

Looking for the report?
We have the summary! Get the key insights in just 5 minutes.

Everything You Need To Know About What Amazon Is Doing In Financial Services summary

Editorial Rating



  • Eye Opening
  • Overview
  • Concrete Examples


Amazon is a multinational powerhouse in e-commerce. Now the retail and tech giant is also developing a financial services hub with the potential to radically disrupt the traditional banking model. Amazon’s reach is extending into payments, banking, insurance, fintech, lending, and more. Is a “Bank of Amazon” far behind? This informative synopsis from CB Insights on Amazon’s forays and ambitions will interest financial professionals and likely surprise most Amazon customers.

About the Author

CB Insights is a data and business analytics firm. 


Amazon has steadily expanded its financial service offerings since 2007.

Amazon has made a major push into global financial services with its Amazon Pay, Amazon Cash, Amazon Lending and Amazon PayCode offerings. Introduced in 2007, Amazon Pay offers a digital wallet and a payment platform for consumers and businesses. The goal is to increase the flow of transactions, and the company is well on its way; by early 2017, it had already attracted 300 million customers across 170 countries.

Amazon Cash and Amazon PayCode help the company grow its user base by appealing to the large numbers of unbanked companies and ...

Comment on this summary

More on this topic

By the same author

What Is Venture Debt?
Unbundling UPS: How the Traditional Shipping and Logistics Space Is Being Disrupted
Livestreaming Is on the Rise. Here’s What It Means for the Future of E-Commerce
Google Is Partnering with Cyber Insurance Giants. Here’s What It Means for the Future of Cloud Security and Insurance
6 Trends Rising E-Commerce Players Are Leveraging to Compete Against Amazon
What Is A SPAC?
Covid-19 Has Scrambled Fintech’s Winners & Losers
Narrative and Numbers
Value Creation Principles
Racial Equity in Banking Starts with Busting the Myths
Is Cash Still King?
Winning in China
The Financial Services Guide to Fintech

Related Channels