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Five At Five: Amazon’s Grocery Power

Welcome to Five at Five, your late look at the payments and commerce news of the day. Today’s coverage includes a detailed look at Amazon’s grocery sales, along with an eBay deal in Japan. Facebook faces a hurdle related to WhatsApp, Toys R Us hits a dim mark and a data breach targets patients and a prime minister.

Amazon Grocery Sales Surge 40 Pct in 2Q

The eCommerce operator reportedly accounted for 18 percent of U.S. online grocery sales since 2017, the largest share of any single retailer. In fact, Amazon’s current share of the online grocery space has now doubled that of its closest competitor.

eBay Acquires eCommerce Platform Qoo10 of Japan

Qoo10 was created as a hyperlocal marketplace that allowed large and small merchants to sell their products across Asia.

WhatsApp Payments Rollout Delayed in India

The Ministry of Electronics and Information Technology (MeitY) has reportedly asked WhatsApp, along with partner banks, to provide additional details about the system.

Toys R Us Settles With Creditors to Complete Bankruptcy

Toys R Us has come to a settlement agreement with some groups of creditors, including vendors, to resolve disputes related to its bankruptcy proceedings.

Singapore Health Database Breached in Cyberattack

Patients who went to clinics over a period ranging from May of 2015 to July 4 of 2018 had information of a non-medical nature accessed and duplicated. And the hackers had another target: They “specifically and repeatedly targeted Prime Minister Lee Hsien Loong’s personal particulars and information on his outpatient dispensed medicines,” according to a statement.

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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.

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