Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the latest potential use for the Apple Watch, and Google’s own smartwatch move. Amazon has new SMB sales figures, PayPal offers interest-free advances and Volvo might have a subscription problem.
A study is focusing on the latest version of the Apple Watch and whether it can detect atrial fibrillation (AFib), which is a leading cause of strokes.
In recent years, smartwatches have become Fossil’s fastest growing category — it launched smartwatches across 14 of its owned and licensed brands.
SMBs that passed $1 million in sales grew by 20 percent last year as well, and almost 200,000 stores passed $100,000 in sales. The sellers come from every state in the U.S. and more than 130 countries.
PayPal has committed to fund up to $25 million in the advances in order to assist these workers to pay for gas, food and other necessities.
Volvo is not the only company that offers a subscription for luxury cars.