Welcome to Five at Five, your late look at some of the freshest payments news of the day. Today’s stories include the latest on Amazon: Its apparent power over city planning and its new tactic to increase the popularity of Amazon Pay. In other news, Samsung Pay is making a bid to move beyond payments, and young Chinese consumers recently boosted overseas use of Alipay.
Amazon And Its Real Estate Effect
Is Amazon so big that it can change the real estate game in a way that might suit Amazon? A new report discusses how cities are influenced by the needs of the eCommerce giant.
Samsung Pay Launches Mobile Shopping And Rewards Features
One of those features uses Bixby, Samsung’s intelligence platform, to enable Samsung Pay users to shop via their smartphone cameras. When consumers point their cameras at an object, Bixby Shopping identifies it and directs that shopper to an eCommerce site operated by a Samsung partner.
Chinese Millennials Drive Spike In Overseas Alipay Use This May Day
In China, millions take advantage of May Day — also known as Labor Day, the national workers’ holiday — to head overseas for a few days. Traveling on Labor Day is so popular that the holiday actually had to be shortened from its original weeklong duration to just three days due to the travel rush it created.
Subway CEO Announces Retirement
Suzanne Greco is leaving her position as chief executive of Subway. She will be replaced by Trevor Haynes in the interim, who leads business development for the company, according to a report.
Amazon Pays Merchants To Use Amazon Pay
Online merchants using Amazon’s service have paid about 2.9 percent of each credit card transaction plus 30 cents, which is shared among Amazon, card issuers and payment networks, according to a report. Now the eCommerce operator is offering to negotiate lower fees with select merchants who make long-term commitments to use Amazon Pay.