Five At Five: Amazon’s New India Push

Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes details of Amazon’s new plans for India, along with a potential threat to There is a new development from the world of real estate payments, and a large social media platform is embracing commerce. Meanwhile, there’s a new AI effort focus in China.

Amazon Rolls Out Support for Hindi in India

The move comes as the eCommerce company reportedly wants to make the country into a major market. Shares Decline on News of CEO’s Arrest

An analyst for Guotai Junan said the price of shares could fall further in the event that police do, in fact, charge CEO Richard Liu. However, he noted that the stock would not see a steep crash, as it has already fallen sharply this year.

Yardi Digitizes Real Estate Vendor Payments

The Yardi payment processing solution will now enable its corporate customers to pay vendors using a virtual card, with the services provided by Fifth Third.

Instagram Working on Shopping App

The app reportedly will enable users to browse items from merchants they follow and make purchases. It’s not clear when the shopping app will be rolled out, as it is still in the development phase.

Intel Secures AI Partnerships for FinServ, Supply Chains

Baidu’s cloud solution will integrate Intel’s Xeon Scalable processors, as well as Intel’s Math Kernel Library for Deep Neural Network technologies, to develop financial technologies for banks in China.


New PYMNTS Report: Preventing Financial Crimes Playbook – July 2020 

Call it the great tug-of-war. Fraudsters are teaming up to form elaborate rings that work in sync to launch account takeovers. Chris Tremont, EVP at Radius Bank, tells PYMNTS that financial institutions (FIs) can beat such highly organized fraudsters at their own game. In the July 2020 Preventing Financial Crimes Playbook, Tremont lays out how.