February 9, 2017
Barely more than a week after reports surfaced regarding a possible payments partnership brewing between Amazon and PayPal, Amazon revealed that its own online payment system—Amazon Payments—experienced significant growth in 2016. Amazon said 33 million people made a payment on another merchant’s Website using their stored Amazon payment credentials, 10 million more than 2015. Amazon attributed part of the gain to the implementation of its “partner program” under which it partnered with e-commerce platforms like Shopify and PrestaShop. The number of merchants accepting payments through Amazon Payments grew by more than 120 percent, the Seattle-based e-commerce giant said.
“As we have introduced new experiences with merchants, we have seen a significant increase in the number of customers using the information from their Amazon account to make purchases on merchant Websites,” said Patrick Gauthier, vice president of Amazon Payments. “Amazon Payments brings the simplicity and familiarity of Amazon’s buying experience to our merchant customers, making it easy for millions of Amazon customers around the world to pay using the information already stored in their Amazon account.”