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Five At Five: Amazon Prime’s Real Value

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Welcome to Five at Five, your late look at the day’s payments and commerce news. Coverage includes a discussion of the real value of Amazon Prime, and why Walgreens sees new profit in China. Alibaba has a new idea about fashion, Visa has a new path in Kuwait and there is new information about the impact of tariffs.

Analyst: Amazon Prime Subscription Worth $180 Today

Reason Investments believes Amazon could charge more for its service and set a “long-run price of Prime to $600,” the firm wrote.

Walgreens Invests In Leading Chinese Pharmacy GuoDa

The company completed an agreement to acquire a 40 percent stake of Sinopharm Holding GuoDa Drug Store. Walgreens received the stake in the Chinese pharmacy chain for a capital increase of approximately $416 million.

Alibaba Tests Out ‘FashionAI’ Concept Store

The concept store works with Alibaba’s Taobao platform and, when customers enter the concept store, they check in with a code from Taobao.

Kuwait Finance House Teams Up With Visa For Mobile Wallet

The wallet will use Visa’s token service, and KFH Chief Retail and Private Banking Officer Waleed Khaled Mandani said to the media that the tie-up will help its customers use the newest technologies for payments on the market.

US Tariffs Could Hit Retailers Hard

Though tariffs may not be good for American retailers and consumers, according to an expert, some retail segments may be more susceptible to the effects of a so-called trade war more than others.

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NEW PYMNTS DATA: HOW WE SHOP – SEPTEMBER 2020 

The How We Shop Report, a PYMNTS collaboration with PayPal, aims to understand how consumers of all ages and incomes are shifting to shopping and paying online in the midst of the COVID-19 pandemic. Our research builds on a series of studies conducted since March, surveying more than 16,000 consumers on how their shopping habits and payments preferences are changing as the crisis continues. This report focuses on our latest survey of 2,163 respondents and examines how their increased appetite for online commerce and digital touchless methods, such as QR codes, contactless cards and digital wallets, is poised to shape the post-pandemic economy.

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