Posted inJapan, Northeast Asia, World

Amazon lending boosts sales, moves in on bank territory

Vice president for Amazon Marketplace Peeyush Nahar said on Wednesday that the company has stepped up lending to third-party sellers, shelling out US$1 billion in small loans over the past year. The credit model is similar to what transaction processing companies PayPal and Square offer, using data from customers to identify credit worthy clients. Lending […]

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